Adani Enterp. 2544.35↑6.90(0.27%)
Adani Ports 726.85↑2.35(0.32%)
Apollo Hospitals 4609.90↑41.75(0.91%)
Asian Paints 3128.40↑4.85(0.16%)
Axis Bank 926.95↑5.90(0.64%)
B P C L 364.30↑1.00(0.28%)
Bajaj Auto 4615.95↓-28.05(-0.60%)
Bajaj Finance 6904.50↑63.35(0.93%)
Bajaj Finserv 1439.15↑11.80(0.83%)
Bharti Airtel 817.95↓-4.75(-0.58%)
Britannia Inds. 4596.20↑32.90(0.72%)
Cipla 951.35↑5.90(0.62%)
Coal India 241.50↑1.45(0.60%)
Divi's Lab. 3514.00↑78.35(2.28%)
Dr Reddy's Labs 4530.95↑27.00(0.60%)
Eicher Motors 3690.35↑38.85(1.06%)
Grasim Inds 1688.30↓-13.05(-0.77%)
H D F C 2650.60↑3.20(0.12%)
HCL Technologies 1139.20↑23.20(2.08%)
HDFC Bank 1615.80↑6.20(0.39%)
HDFC Life Insur. 577.20↑5.15(0.90%)
Hero Motocorp 2745.15↑12.35(0.45%)
Hind. Unilever 2652.35↑55.10(2.12%)
Hindalco Inds. 413.55↑9.30(2.30%)
ICICI Bank 950.70↑10.85(1.15%)
IndusInd Bank 1268.05↑4.65(0.37%)
Infosys 1317.45↑13.10(1.00%)
ITC 443.60↑2.45(0.56%)
JSW Steel 701.70↑5.05(0.72%)
Kotak Mah. Bank 1945.05↑15.10(0.78%)
Larsen & Toubro 2218.45↑13.75(0.62%)
M & M 1281.85↑4.05(0.32%)
Maruti Suzuki 9399.95↑118.10(1.27%)
Nestle India 21581.75↑106.85(0.50%)
NTPC 174.50↓0.00(0.00%)
O N G C 163.75↓-2.25(-1.36%)
Power Grid Corpn 237.30↓-0.65(-0.27%)
Reliance Industr 2506.50↑66.55(2.73%)
SBI Life Insuran 1195.75↑18.40(1.56%)
St Bk of India 586.00↑4.75(0.82%)
Sun Pharma.Inds. 969.90↑24.90(2.63%)
Tata Consumer 789.70↑9.40(1.20%)
Tata Motors 518.45↑3.60(0.70%)
Tata Steel 106.40↑1.55(1.48%)
TCS 3328.90↑35.40(1.07%)
Tech Mahindra 1114.75↑16.65(1.52%)
Titan Company 2742.15↑34.20(1.26%)
UltraTech Cem. 7721.85↑100.10(1.31%)
UPL 688.10↑12.30(1.82%)
Wipro 401.70↑7.60(1.93%)

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

Manojit Saha Subrata Panda

Premium

NS Kannan, MD & CEO, ICICI Prudential Life Insurance Company

5 min read Last Updated : Apr 23 2023 | 10:24 PM IST

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 from 17 per cent to 32 per cent. We have achieved more than we had apprised the market of. We walked the talk.