Kathmandu. International Finance Corporation (IFC) has invested INR 2.85 billion (USD 33 million) through long-term debt instruments to support the solvency margin of Indian life insurer, Axis Max Life. This amount is more than Rs 4.67 billion at the current exchange rate.
According to the press release, Axis Max Life will also use this amount to expand its life insurance business. This is IFC’s first investment in a licensed life insurance company in India.
IFC’s strategic partnership with Axis Max Life aims to make insurance accessible to underserved communities, especially women. It will also strengthen the long-term expansion of life insurers.
In the financial year 2024-25, the insurer had a share of 7.1 percent in the Indian life insurance market in terms of premium income. In the first six months of the current fiscal year 2025-20, the market share has increased significantly to 10.1 percent.
ICRA has reaffirmed its Double A Plus rating for its Subordinated Debt Programme under the Financial Capacity Assessment conducted by rating agency ICRA. Axis Max Life had made this rating for a loan program worth Rs 1.79 billion.
Its solvency ratio stood at 1.99 times on June 30, 2025 after adding Rs 16.12 billion in April 2024. The solvency ratio refers to the ratio of liquid assets available immediately to financial liabilities.
