BUSINESS

Bharti AXA Life Insurance delivers breakout FY26 performance with 44% New Business Premium Growth

William 6 months ago 2 min read

Delivers strong growth momentum driven by distribution expansion, improved business quality, and disciplined cost management resulting in VNB turning positive

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.”