This is because of a higher share of unit-linked insurance plans (Ulips) in the product mix.
VNB is a measure of the economic value of profits expected to emerge from a new business. VNB margin is the profit margin of the companies.
According to insurance companies, the demand for Ulip products has surged among customers due to strong performance of the equity market. The product is considered to have a lower profit margin.
In FY24, VNB margin of the largest private sector life insurer-SBI Life-slipped to 28.10 per cent compared to 30.10 per cent in the year-ago period.
Bu hikaye Business Standard dergisinin June 04, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin June 04, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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