Motilal Oswal: ICICI Prudential Life’s VNB Margins Improve Sharply; Expanding Banca Distribution To Aid Growth  
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Motilal Oswal: ICICI Prudential Life’s VNB Margins Improve Sharply; Expanding Banca Distribution To Aid Growth  

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

ICICI Prudential Life Insurance Company Ltd. posted a sharp improvement in value of new business margins at 27.4% (the highest among the listed insurers).

This was aided by the growing mix of the non-linked savings business and improvement in protection margins – as the entire re-insurance hike was passed on to the customer.

Annual premium equivalent declined 23% YoY, mainly led by a 45% YoY plunge in unit linked insurance plan (reported strong trends on a sequential basis).

Click on the attachment to read the full report:

Motilal Oswal ICICI Prudential Q2FY21 Result Update.pdf

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