NBP Of Bharti AXA Life Insurance Up 44%

Bharti AXA Life Insurance delivers breakout FY26 performance

Parag Raja, Managing Director & CEO, Bharti AXA Life Insurance

FinTech BizNews Service

Mumbai, 06 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

Rs1,069 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.”