 "ICICI Prudential Life")
Insurance major ICICI Prudential Life Insurance Company on Monday reported 65% decrease in consolidated net profit at Rs 63 crore for the quarter ending March 31, 2021. It was Rs 179 crore in the year-ago period.
“The value of new business for the fourth quarter of 2020-21 grew by 26 per cent and stood at Rs 591 crore. This resulted in value of new business (VNB) of Rs 1,621 crore for 2020-21 with an expansion in VNB margin from 21.7 per cent in 2019-20 to 25.1 per cent in 2020-21,” said ICICI Prudential Life Insurance in a statement on Monday.
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