Medium-term VNB margin target of 20%+
Management indicated working towards VNB margin of 20% plus over the near-to-medium term, building on the 13.9% achieved in Q1 FY25 and the 16.8% at FY24 end.
LICI / guidance tracker
Keep management guidance in view.
Life Insurance Corporation Of India · forward-looking guidance across the available source record.
Research layer active
Guidance tracker
What management said would happen.
margins
Strategic non-par business focus
Non-par APE growth of 165.6% YoY demonstrates intentional strategy shift. Management stated exponential growth can come from non-par at this point versus participating business.
Composite license and health insurance stake
LIC is exploring acquiring a stake in a standalone health insurance company (SAHI) rather than building an internal health vertical, expecting to finalize within the current fiscal year.
Bancassurance and alternate channel growth
Management targets systematic growth in banca and alternate channels (brokers, IMFs, corporate agents) without compromising agency channel, with banca already showing 22.27% YoY growth.