Max Financial Services Limited (MFSL) — Board Meeting

📢 Key Event
Board approved 12M FY26 results and strategic product launches

🔄 What Changed
19% YoY growth in individual adjusted first-year premium to ₹9,885 crore; 53% growth in retail protection and health APE to ₹1,373 crore; 26% YoY increase in Value of New Business to ₹2,647 crore

🔮 What's Next
Launched Online Savings Plan Plus with zero premium allocation charges and Group Smart Health Insurance Plan

💡 Investor Takeaway
Shareholders benefit from accelerated growth in protection products and new offerings driving market share expansion and VNB growth

Max Financial Services announced board approval of its 12M FY26 results, highlighting 17% consolidated revenue growth to ₹38,039 crore (excluding investment income), 19% YoY growth in individual adjusted first-year premium to ₹9,885 crore, and 10.4% private market share expansion to 10.4% from 9.8% in FY25. The company emphasized strong performance in protection and health products, with 53% growth in retail protection and health APE to ₹1,373 crore, and launched new products including Online Savings Plan Plus and Group Smart Health Insurance. Value of New Business reached ₹2,647 crore, up 26% YoY, driven by balanced product mix and higher volumes, while operating RoEV stood at 18.7% and solvency ratio at 194% as of March 2026.

📄 View Original Announcement (PDF)

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