Anup Bagchi, who took charge as managing director and chief executive officer of ICICI Prudential Life Insurance in June, says one should not be fixated on margins as those are a function of product mix in a video interview with Manojit Saha. Edited excerpts:
The question that is in everyone’s mind is whether you will bring back the focus on growth for ICICI Prudential Life?
Yes, absolutely. Kannan (N S Kannan, Bagchi’s predecessor) has done a great job, leaving a great foundation by diversifying the product portfolio, distribution channels. Now, the focus certainly is on absolute VNB [value of new business] growth. Margins are of course there but the focus would be really on growth. Drive growth by penetrating into