19 May 2025
Axis Max Life Insurance aims to maintain its new business margin in the 24% to 25% range in the
current financial year, according to Chief Financial Officer Amrit Singh.
The value-of-new-business growth will be 300—500 basis points higher than the market growth rate, he told NDTV Profit in a conversation on Wednesday.
The VNB is a key metric used in the insurance industry to evaluate the profitability of an insurer through its new businesses. It primarily takes into account the present value of the expected future profits generated from policies sold during a financial year.
"We expect some moderation due to overall market weakness affecting ULIP designs, which will likely favour traditional products. We expect margins to remain in the 24% to 25% range," Singh said.
Axis Max Life Insurance aims to maintain its new business margin in the 24% to 25% range in the
current financial year, according to Chief Financial Officer Amrit Singh.
The value-of-new-business growth will be 300—500 basis points higher than the market growth rate, he told NDTV Profit in a conversation on Wednesday.
The VNB is a key metric used in the insurance industry to evaluate the profitability of an insurer through its new businesses. It primarily takes into account the present value of the expected future profits generated from policies sold during a financial year.
"We expect some moderation due to overall market weakness affecting ULIP designs, which will likely favour traditional products. We expect margins to remain in the 24% to 25% range," Singh said.
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