Our goal is to become a listed entity

Following its Q3 earnings, Axis Max Life Insurance said its board approved a roadmap that envisages the listing of Axis Max Life through the merger of Max Financial Services into Axis Max Life. PRASHANT TRIPATHY, MD&CEO, Axis Max Life Insurance, in a conversation with Subrata Panda and Aathira Varier, spoke about the listing plan and discussed the company's performance. Edited excerpts:

- PRASHANT TRIPATHY

What is the merger plan with Max Financial Services and the subsequent listing plan of Axis Max Life Insurance?

We aim to merge the two entities—Max Financial Services and Axis Max Life Insurance—and we believe that the recommendation in Section 35 of the new insurance Bill will support this effort. Ultimately, once the Bill is passed and all necessary approvals for the merger are obtained, the goal is for Axis Max Life Insurance to become a listed entity. However, this process will take some time. Depending on the approval timeline, it may span a few quarters. We have already initiated the discussion internally. We will file for approval and hopefully, with the clarity in the Act, the insurance regulator's approval will not take long. The merger process of going through the National Company Law Tribunal (NCLT), would take anywhere between four to six quarters.

How do you view the performance of the company in Q3?