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Axis deal should boost our growth target and margin: Max Life's Tripathy

In a Q&A, the MD and CEO of Max Life says as a shareholder, Axis will now focus more on pushing high-margin products such as protection, which Indian customers also need

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Prashant Tripathy, MD & CEO of Max Life said, with this deal, they would increase growth target to 18-20 per cent over the medium term.

Shreepad S Aute Mumbai

3 min read Last Updated : May 02 2020 | 12:34 AM IST

The Axis Bank-Max Life Insurance equity partnership put to rest all uncertainties regarding their distribution tie-up, which is due for renewal in 2021. PRASHANT TRIPATHY, managing director and chief executive officer of Max Life, tells Shreepad S Aute about the growth potential the deal offers while revising the insurer’s medium-term premium target upwards. Edited excerpts:

The deal takes care of investor concern about continuation of Max Life’s distribution tie-up with Axis. But, what additional benefits do you see from this deal?

The largest benefit is the stability to Max Life in the form of having a large distributor as a

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