Axis Max Life Insurance Claims Repudiation Ratio (Life)
0.09%
Q1 FY26-27
Axis Max Life Insurance's claims repudiation ratio was 0.09% for Q1 FY26-27, as reported in IRDAI form L-40-CLAIMS-DATA.
What this measures
Percentage of available claims repudiated during the period. Repudiated = denied under Section 45 of the Insurance Act (policy in force < 3 years). Legally distinct from rejected claims (policy terms). Formula: repudiated ÷ (opening outstanding + intimated).
Note: L-40 reports repudiated and rejected separately — these are legally distinct and must not be merged. Section 45 governs repudiation within 3 years of policy commencement.
Historical Data
| Period | Value | Source form | Data as of |
|---|---|---|---|
| Q1 FY26-27 | 0.09 % | L-40-CLAIMS-DATA | 2026-09-10 |
| Q4 FY25-26 | 0.12 % | L-40-CLAIMS-DATA | 2026-09-10 |
| Q3 FY25-26 | 0.13 % | L-40-CLAIMS-DATA | 2026-09-10 |
Provenance
- Reported by
- Axis Max Life Insurance
- Regulatory form
- L-40-CLAIMS-DATA · what this form contains
- Reporting period
- Q1 FY26-27
- Source document
- 2026-06-30 · Axis Max Life Insurance's disclosure page
- Extracted by
- EverythingInsurance Research
- Last verified
- 2026-09-10
- Note
- Derived: repudiated ÷ (opening outstanding + intimated), per L-40.