Bharti AXA Life Insurance has reported a strong performance for the year ended March 31, 2026, marking a notable improvement in its growth trajectory and operational efficiency.
The company recorded a 44 per cent year-on-year rise in New Business Premium, reaching Rs 1,069 crore, at nearly three times the industry average growth rate. This performance reflects strong momentum across distribution channels and sustained demand for its product offerings.
A key milestone for the insurer was its Value of New Business (VNB) turning positive in FY26, supported by disciplined execution and scale efficiencies. This shift signals progress towards sustainable profitability and stronger long-term value creation.
Growth was primarily driven by improved productivity in proprietary channels, which played a central role in accelerating business acquisition. In parallel, the company strengthened its partnership ecosystem by onboarding two new banca partners, taking its total bancassurance partner count to nine. It also expanded its presence in the wealth management segment.
The group business segment witnessed significant expansion, led by strong traction in the Group Term Life category, contributing to overall hyper-growth in this vertical.
On the financial strength front, Bharti AXA Life maintained a healthy solvency ratio of 191 per cent, well above the regulatory requirement of 150 per cent, reflecting strong capital adequacy and stability.
Parag Raja, Managing Director and Chief Executive Officer, Bharti AXA Life Insurance, said, “FY26 has been a defining year for Bharti AXA Life. By delivering 44 per cent growth, triple the industry rate, we have proven the strength of our distribution and the resonance of our product suite. Our shift to a positive VNB is an important milestone, reflecting evidence of the operational leverage kicking in as we scale.”
He further added, “This performance was fuelled by two engines: a sharp increase in proprietary channel productivity and the aggressive expansion of our partnership ecosystem with new banks and brokers. Furthermore, our hyper-growth in the GTL segment has solidified our position in the group business. As we progress on our ‘Bharti 2.0’ journey, we remain committed to delivering long-term value through cost discipline and consumer-centric innovation.”
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