EXCLUSIVE: LIC Chairman M R Kumar says VNB margins to rise up to 25 per cent in 4-5 years, asks shareholders to remain patient
LIC Chairman on Zee Business: LIC recorded a Net Premium Income of Rs 1.32 lakh crore which was up by 26.9 per cent against Rs 1.04 Lakh crore YoY.
LIC Chairman on Zee Business: In an exclusive interview with Zee Business Managing Editor Anil Singhvi, Life Insurance Corporation of India (LIC) Chairman, M R Kumar said that LIC’s market share has increased and the Value of New Business (VNB) margin will increase up to 25 per cent in next 4-5 years.
Friendshoring: How India can benefit from US' attempt to diversify supply chainLIC Q2 results:
LIC recorded a Net Premium Income of Rs 1.32 lakh crore which was up by 26.9 per cent against Rs 1.04 Lakh crore YoY.
The Profit was up by 1012.67 per cent to Rs 15952.4 crore against Rs 1433.7 crore recorded in the corresponding quarter of previous year.
The VNB was up 59.8 per cent and stood at Rs 2975 crore against Rs 1861 crore YoY. VNB Margins were 14.6 per cent as compared to 13.6 per cent YoY.
LIC Vs HDFC Life Insurance Vs SBI Life Insurance Vs ICICI Prudential Life Insurance
Comparing the second quarter result month ending September of the four major insurance companies in India on the basis of Profit After Tax (PAT), Value of New Business (VNB) and Net Premium Income (NPI).
Click here to get more Stock Market updates I Zee Business Live
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.