 "Anup Bagchi, ICICI Bank Executive Director")
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
