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February Life Insurance Performance: Axis Max Life, Canara HSBC Lead; SBI Life, LIC Show Base-Driven Growth
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Axis Max Life, Canara HSBC Lead February Life Insurance Growth; SBI Life, LIC See Gains
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CNBC TV18
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09-03-2026, 13:32
Axis Max Life, Canara HSBC Lead February Life Insurance Growth; SBI Life, LIC See Gains
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Axis Max Life and Canara HSBC Life led February's life insurance growth with robust premium increases.
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Axis Max Life reported a 30% rise in premiums and 28% in retail APE year-on-year.
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Canara HSBC Life saw premiums jump 52% and retail APE increase by 61% YoY.
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SBI Life and LIC posted strong premium growth (29% and 24% respectively), supported by a favorable base.
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Shares of leading insurers like Axis Max Life, Canara HSBC Life, SBI Life, and LIC recovered after the positive data.
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