We walked the talk on value of new business: ICICI Pru Life CEO & MD Kannan

VNB has more than doubled and margins have expanded from 17 per cent to 32 per cent. So, given this, I would say, we have achieved more than we had told the market

In his last interview as Managing Director (MD) and Chief Executive Officer (CEO) of ICICI Prudential Life Insurance Company before superannuating in June, N S KANNAN, in conversation with Subrata Panda and Manojit Saha, talks about the company having achieved much more than the target it had set for itself and its focus in the current financial year (2023-24, or FY24). Edited excerpts:

The value of new business (VNB) has doubled. Margins, too, have nearly doubled from 2018-19. Would you say you have accomplished what you had set out to achieve?

VNB has more than doubled and margins have expanded