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Bloomberg Quint

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Image Credit: Bloomberg Quint

Axis Max Life Insurance Appoints Sumit Madan As MD And CEO

  • Axis Max Life Insurance appointed Sumit Madan as the MD and CEO of the company, effective from October 1.
  • Sumit Madan will serve in this role for a period of five years until September 30, 2030, subject to shareholder approval.
  • The retirement of Prashant Tripathy as the MD and CEO was approved by the board, effective from the end of the day on September 30.
  • Axis Max Life Insurance is a joint venture between Max Financial Services Ltd. and Axis Bank Ltd., with positive market outlook and analyst ratings.

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