The insurer, backed by ICICI Bank, achieved a 17 per cent growth in net premium income | Image:FreepikICICI Prudential Life Insurance Company reported a narrowed new business margin on Tuesday, citing a sustained decline in demand for high-value policies and a shift in customer preferences towards lower-margin products.The value for new business (VNB), representing the anticipated profit from new policies, declined by 19.5 per cent to Rs 2,227 crore for fiscal year ending March 31….
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ICICI Prudential reports decline in new business margin for FY24- Republic World
