LIC Q2 Misses Estimates: CEO Explains Margin Moderation And H2 Growth Strategy | Business News
ET Now · 06 Nov 2026 · 19 min
Management interview of Life Insurance Corporation of India (LICI), with 6 key numbers discussed.
- R. Doraiswamy, CEO & MD, Life Insurance Corporation of India
LIC management attributed sequential moderation in Q2 VNB margin to risk-free rate changes, noting underlying operational variance remained positive. The corporation has expanded its non-par share to 34.6% of individual APE and plans to keep it above one-third. Individual APE faced pressure from market volatility impacting regular premium ULIPs, but management anticipates a rebound in H2FY27 led by ULIPs, protection, and savings products. On IDBI Bank divestment, management clarified that proceeds pertain to participating policyholders' funds, with only 10% flowing to shareholders.