MD and Chief Executive Officer at Axis Max Life Insurance Limited
📍 Gurugram, Haryana, India
Sumit Madan is the Chief Distribution Officer at Axis Max Life Insurance Limited, spearheading the development and execution of distribution strategy across various channels. His career spans over two decades, driving revenue growth and profitability in the FMCG, banking, and insurance sectors.
He is dedicated to simplifying protection and enabling wellness for customers, advocating for financial inclusion in rural India. He emphasizes the importance of human connection in the digital age.
Sumit Madan will become the Managing Director & CEO of Axis Max Life Insurance, effective October 1, 2025, subject to regulatory approvals.
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Experience
25 Years
Current Role
MD and Chief Executive Officer
Job Level
Leadership
Location
Gurugram, Haryana, India
Personality Overview
How Sumit shows up
Good Listener
Appreciative
Consensus Builder
Win-win scenarios can appeal strongly to them. Unlike D or C types, they are calm as well as friendly and can give the impression of being more receptive than they actually are. They are more likely to go for proven solutions.
Priorities
Topics Sumit cares about
Distribution Strategy
As Chief Distribution Officer, he leads the development and execution of distribution strategy for proprietary, partnerships, group, and online businesses.
Financial Inclusion
He actively promotes bridging the protection gap in rural India, emphasizing the importance of expanding insurance access to underserved populations.
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Career
Work history
10-2025
MD and Chief Executive Officer
Axis Max Life Insurance Limited
2-2024 - 10-2025
Chief Distribution Officer
Axis Max Life Insurance Limited
3-2022 - 2-2024
Head - Retail Liabilities & Branch Banking at IDFC FIRST Bank
IDFC FIRST Bank
9-2019 - 2-2024
Head - Branch Banking
IDFC FIRST Bank
9-2016 - 9-2019
Chief - Branch Banking
AU SMALL FINANCE BANK
In the press
Media appearances
Sumit Madan, CDO and CEO‑designate of Axis Max Life Insurance Limited talks …. Featured in BS India (Facebook)
Influence (I) reflects the degree to which a person prefers to work by influencing or persuading others. Those scoring high tend to be people oriented, motivated by social recognition and building relationships.
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