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
