Security Name: 8.34% Axis Max Life Insurance Limited 18 Feb 2025
ISIN:
INE511N08024
Taxable
Tax Category
18 Feb, 2030
Call Date
(4 Yr 8 Mo to call)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
18 Feb, 2025
Allotment Date
NA
Put Date
18 Feb, 2026
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
Quote Not Available
Dirty Price
8.34%
Coupon
Fixed Interest
Coupon Basis
Quote Not Available
Current Yield
03 Feb, 2026
Record Date
YOUR EARNING
Your Investment
Final Payout
₹0
Error Generating Cashflow 😥. We are looking into this.
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
Axis Max Life Insurance Limited
Launched in 2000, Axis Max Life provides life insurance, savings, investment and annuity to individuals and groups. The products are offered under the protection, par, non-par and unit-linked lines of business with a presence across the country through 304branches (own branches) and distribution partners . Axis Max Life is a joint venture (JV) between Max Financial Services Limited and Axis Bank.
The ratio in FY24 is 11.08x and it was 14.57x in FY23, indicating decrease in the debt servicing ability of the due to decrease in new business margins, and a reduction in the share of higher-margin non-par segments in individual business.
Debt/EBITDA
Interest coverage ratio
Recent News
Max Life becomes Axis Max Life Insurance
Apr 16, 2025 | Axis Max Life Insurance Limited
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Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
To know more about the Bond and the issuer, download the Information Memorandum.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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BOND VALUE DETAILS
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Total Investment
| Cashflow for INE511N08024 |
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| Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR). |
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| Security Name |
|---|
| 8.34% Axis Max Life Insurance Limited 18 Feb 2025 |
| Credit Rating |
|---|
| AA + by CARE AA + /Stable by ICRA |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹1,00,000 |
| Coupon |
|---|
| 8.340000% |
| YTM or YTC |
|---|
| YTC |
| Call Date |
|---|
| 18/02/2030 |
| Security |
|---|
| Unsecured Subordinated Tier 2 |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Principal Amount |
|---|
| ₹NaN |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹0 |
| Total Amount Payable |
|---|
| ₹NaN |
| Price |
|---|
| ₹NaN |
| Yield |
|---|
| % |
| Year | Payment Date | Amount | Amount after TDS | Payout Type |
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Quote Not Available for purchase
Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.
