ALFA Filings
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Max Financial Services appointed Toru Nakabayashi as Nominee Director following Mitsuru Yasuda's resignation. The board also extended V. Krishnan's managerial tenure and re-appointed internal auditors.
IRDAI approved Mr. Subrat Mohanty's appointment as Chairman of Axis Max Life Insurance for five years. The leadership change follows standard regulatory approval procedures.
Max Financial Services announced board changes at its subsidiary, Axis Max Life Insurance. Mr. Mitsuru Yasuda resigned as Non-executive Director effective May 6, 2026. Mr. Toru Nakabayashi, a senior insurance executive with over 20 years of experience, was appointed as an Additional Director (Non-executive) effective May 7, 2026, representing the company on the board.
Max Financial Services announced the appointment of Mr. Sanjay Vij as an Independent Director of its material subsidiary, Axis Max Life Insurance, for a five-year term starting April 6, 2026. He replaces Mr. Rajesh Khanna, who retires on April 5, 2026. Mr. Vij is an industry veteran with prior leadership roles at HDFC Life and Digit Life.