LIC Q2 Results: VNB Margins Rise, But Can ULIP Sales Make A Comeback In H2? | Business News | ET Now
ET Now · 06 Nov 2026 · 4 min
Management interview of Life Insurance Corporation of India (LICI), with 3 key numbers discussed.
- R. Doraiswamy, MD & CEO, LIC
LIC reported substantial improvement in VNB margins compared to H1 FY26, supported by operational efficiency and an enhanced product mix. However, changes in risk-free rates caused a sequential decline in VNB margins in Q2 FY27. The company expanded its non-par mix to 34.6% of individual APE, aiming to exceed one-third. While market volatility impacted regular premium ULIP sales, recent product launches such as Jeevan Raksha, Health Shield, and deferred annuity saw strong traction. Management expects all-round growth across savings, protection, and ULIPs in H2 FY27.