Despite state-owned Life Insurance Corporation (LIC) reporting an improvement in value of new business (VNB) margin in Q1FY25, analysts believe the growth has not been satisfactory in the context of the insurer's mediumterm targets on margins. VNB margin is a measure of profitability of life insurance companies.
LIC's VNB margin improved by 20 basis points (bps) to 13.9 per cent in Q1FY25 over the same period last year due to a change in the business mix of the insurer. Its share of individual non-par products in total annualized premium equivalent (APE) has increased to 14 per cent in Q1FY25, up 759 bps over last year. Additionally, the share of non-par products in the individual APE-mix has gone up to 23.94 per cent in the quarter from 10.22 per cent in the year ago period.
هذه القصة مأخوذة من طبعة August 10, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة August 10, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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