PROJECT

Projects

Summary of Investment Information

Project Number

50865

Company Name

AXIS MAX LIFE INSURANCE LIMITED

Date SPI Disclosed

May 28, 2026

Country

India

Region

South Asia

Projected Board Date

Jun 30, 2025

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

May 29, 2026

Department

CF4S1 - Regional Industry - FIG Asia & Pac/FIG India, Bhutan, Maldives

Industry

Financial Markets

Previous Events

Approved : Jun 30, 2025
Signed : Sep 11, 2025
Invested : Sep 24, 2025

Sector

Life Insurance

Project Description

The investment comprises a debt investment by IFC in the form of listed, subordinated, unsecured, redeemable INR-denominated non-convertible debentures (NCD) of INR 2.85 billion (approximately US$33 million equivalent) with a tenor of up to ten years in Axis Max Life Insurance Limited (AMLI or the Company).

IFC, through its role as an anchor investor in the competitive bidding process has helped mobilize INR 5.15 billion (approximately US$60 million equivalent) from other institutional investors. The investment will help strengthen the Company’s solvency margin and support its business growth in the largely underpenetrated life insurance market in India.                                                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation