Axis Max Life Insurance Ltd., formerly known as Max Life Insurance Company Ltd., has announced a participating (PAR) bonus of ₹2,530 crore for eligible policyholders for the financial year 2025-26, marking its 24th consecutive annual bonus declaration. The insurer said the bonus will benefit more than 21 lakh eligible participating policyholders and will begin to be distributed from July 2026. With this latest declaration, the company’s cumulative bonus payout over the past 24 years has reached ₹18,377 crore.
According to the company, the size of its PAR Fund increased from ₹74,119 crore in FY25 to ₹79,003 crore in FY26. The fund has recorded a compound annual growth rate (CAGR) of 17 per cent over the last decade, reflecting sustained growth in its participating business portfolio. The annual bonus declared by the company has risen steadily over the years, increasing from ₹1,469 crore in FY22 to ₹1,604 crore in FY23, ₹1,826 crore in FY24, ₹2,135 crore in FY25 and ₹2,530 crore in FY26.
Axis Max Life’s participating products offer various bonus options, including cash bonus, reversionary bonus and terminal bonus. The products also provide policyholders with features such as bonus accumulation, partial withdrawal of accumulated bonuses, paid-up additions and premium offset without affecting the basic sum assured. In Guwahati, the higher bonus declaration could strengthen consumer confidence in participating life insurance products, particularly as customers increasingly seek long-term savings and protection solutions amid growing financial awareness in the region.