Axis Max Life has announced the promotion of Sumit Madan as Managing Director and CEO, subject to regulatory approvals. Madan is currently serving as Chief Distribution Officer at Max Life Insurance and will step into the new role in October 2025.
With over two decades of experience across financial services, including leadership roles at ICICI Prudential and Aviva Life Insurance, Madan has been part of Max Life since 2020. He has led distribution efforts across proprietary and partnership channels, including the Axis Bank partnership, a key business driver for the company.
Madan will succeed Prashant Tripathy, who led the company for nearly five years. Tripathy is stepping down to pursue opportunities outside the Max Group. His term ends in September 2025.
