Delivers strong growth
momentum driven by distribution expansion, improved business quality, and
disciplined cost management resulting in VNB turning positive
Mumbai,
07 May 2026: Bharti AXA Life Insurance, one of India’s
leading private life insurers, today reported a robust performance for the year
ended March 31, 2026, marking a strong shift in its growth trajectory.
Performance
Highlights:
●
Market-Leading Growth:
New Business Premium grew by ~44% year-on-year, achieving ₹1,069 Crs at
a growth rate ~3x the industry average.
●
Value of New Business (VNB):
Backed by disciplined execution and scale, the company delivered positive
VNB for FY26, marking a pivotal shift toward sustainable profitability.
●
Proprietary Channel Excellence:
Growth was spearheaded by a productivity-led growth in proprietary
channels.
●
Strategic Partnerships:
The company expanded its reach by onboarding 2 new banca partners,
bringing the total bancassurance partner count to 9. Company also
consolidated its footprint in the wealth management space.
●
Group Business Hyper-growth:
Group segment saw a significant growth fuelled by a strong entry into the Group
Term Life business.
●
Solvency Position:
Maintained a healthy and comfortable Solvency Ratio of 191%, well above
the regulatory requirement of 150%.
CEO’s
Statement:
Parag
Raja, Managing Director & CEO, Bharti AXA Life Insurance, commented:
“FY26
has been a defining year for Bharti AXA Life. By delivering 44% 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.
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.”
About Bharti AXA Life
Insurance Company
Bharti
AXA Life Insurance Company Limited is a subsidiary of Bharti Life Ventures
Private Limited (Bharti Group Company), a prominent business group in India
with interests in telecom, agribusiness, and retail. Established in 2006, the
company has a pan-India presence with over 200+ offices and offers a wide range
of value-for-money and need-based insurance catering to individuals and groups.
With ‘Customer First’ as one of its core values, the company is committed to
providing a hassle-free experience to its customers at every level.
For
more information, please visit the website www.bhartiaxa.com
