Journey of insurance industry has just begun; aim to double value of new business in 3-4yrs: ICICI Pru Life
Updated Feb 18, 2021 | 14:33 IST Industry new business sum insured has risen 30x in the last 20 yrs. Aim to grow value of new business at 19-20% per annum over 3-4 years, says Satyan Jambunathan, CFO, ICICI Prudential Life Insurance. ICICI Prudential Life Insurance Key Highlights Expect growth to come back, growth rate of >15% in new biz premium APE is achievable in next few yrs Higher protection mix led VNB margin rise to 26%, product diversification part of strategy Oct-Nov has seen covid related claims come down, see normalisation in covid claims ahead Mumbai:...
Source: timesnownews.com