<h1>Axis Max Life launches Smart Innovation Fund to invest in AI, healthcare, and more for long-term growth.</h1> Axis Max Life Insurance Ltd. has launched the Axis Max Life Smart Innovation Fund, designed to invest in high-growth, innovation-driven companies across various sectors such as AI, healthcare, biotechnology, finance, energy, and consumer industries. The fund, available from March 5 to March 20, 2025, aims for long-term capital appreciation by focusing on companies leading technological and sectoral transformations. The fund will be part of Axis Max Life's ULIP products and will assess companies based on their innovation capabilities. Axis Max Life Insurance, a joint venture between Max Financial Services and Axis Bank, reported a gross written premium of INR 29,529 Cr for FY2023-24.