Axis Max Life Insurance, formerly Max Life Insurance Company, has announced the appointment of Sumit Madan as its new MD and CEO, effective October 1, 2025, pending regulatory approvals. Madan, currently the Chief Distribution Officer, will succeed Prashant Tripathy, who is stepping down on September 30 to pursue personal interests. With over 25 years of experience across leading financial institutions like Citibank, AU Small Finance Bank, and IDFC FIRST Bank, Madan is known for driving growth, transformation, and customer-centric strategies.
