New business margin at India’s LIC falls, profit rises slightly
By Nikunj Ohri and Nishit Navin BENGALURU (Reuters) -Life Insurance Corp of India, the country’s biggest insurer, reported on Monday a drop in its new business margin in the fourth quarter, while its profit rose slightly. Value of new-business margin (VNB), a measure of the profit margin of new premiums earned, fell to 17.2% for …
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