Axis Max Life declares ₹2,530cr bonus to 21L+ policyholders
Axis Max Life Insurance has declared a ₹2,530 crore bonus for more than 21 lakh policyholders this year.
If you have a participating policy, you get to share in the profits, usually paid out when your policy matures, if you surrender it, or in case of a claim.
This marks their 24th consecutive annual bonus declaration, showing they're pretty consistent about rewarding customers.
Fund at ₹79,003cr 17% annual growth
The company's fund has grown steadily, from ₹74,119 crore last year to ₹79,003 crore now, with an impressive 17% annual growth rate over the past decade.
Their bonuses have also climbed from ₹1,469 crore in FY22 to a ₹2,530 crore bonus declaration for FY26.
Axis Max Life's plans come with extra perks like cash bonuses and bonus accumulation.
Other insurers like Kotak Mahindra and Bharti AXA are also handing out sizable bonuses lately, so it's good news all around for policyholders.