Fundamental Radar: ICICI Pru Life can see 6% CAGR in VNB over 3 years, here’s why
With IRDAI releasing new regulations related to surrender charges, which are significantly better than the exposure draft, the concern on likely pressure on VNB margins in the non-par segment is now behind. ICICI Prudential Life Insurance has maintained healthy traction in VNB growth and is likely to deliver a 6% CAGR over FY23-26, says Sneha Poddar of Motilal Oswal Financial.