Evidence of actuarial hiring: IRDAI-registered insurer (Appointed Actuary required) (source). Checked 10 Nov 2026.
About Axis Max Life
Axis Max Life Insurance Limited began in 2000 as Max New York Life, a joint venture between Max India and New York Life. After New York Life left, it traded as Max Life Insurance and was renamed Axis Max Life in December 2024 to reflect its partnership with Axis Bank. Max Financial Services, which is listed, owns about 81 per cent; Axis Bank and two Axis group companies own about 19 per cent. In early 2026 the shareholders approved in principle a plan to merge Max Financial into the insurer so that the insurer itself becomes listed.
The company is one of the larger private life insurers in India, with Axis Bank as its main bank partner and a large agency force. Its corporate office is in Gurugram, and the actuarial team is based in Gurugram and New Delhi.
For an actuary it is one of the bigger employers in North India, with a sizeable team covering pricing, valuation, capital and analytics, and a strong protection and participating-savings book.
Also known as: Max Life Insurance, Max New York Life
What the actuarial team does
- Pricing and IRDAI filing of protection, participating, non-participating savings and ULIP products, including bancassurance designs for Axis Bank.
- Statutory valuation, reserving and the Appointed Actuary function, including bonus declarations for the participating fund.
- Embedded value and value of new business reporting, disclosed to investors through the listed parent.
- Capital and solvency work, including preparation for risk-based capital; asset-liability management for guaranteed products.
- Experience studies on mortality, persistency and expenses; reinsurance strategy.
- Ind AS 117 implementation and reporting.
- Actuarial analytics with R, Python and SQL alongside projection software; the specific platform is not published.
How students get in
Axis Max Life recruits through its careers page and has historically taken actuarial analysts with a few papers cleared as well as experienced hires. A named actuarial graduate programme and the exact number of papers asked for are not published, and internship schemes are not advertised publicly. Exam-support policy is not published. As one of the larger actuarial teams in Delhi NCR, it is worth applying even at an early stage of exams; watch the careers page and the Institute of Actuaries of India job board.
Roles this employer has advertised:
Questions students ask
How many papers does Axis Max Life ask for?
A fixed number is not published. Analyst roles typically go to candidates with a few core papers; senior roles ask for more.
Where is the actuarial team?
In Gurugram and New Delhi.
Does Axis Max Life hire freshers or interns?
No named programme is published. Apply through the careers page and watch the IAI job board for analyst openings.
