Stockrabit · Analysts
Questions across 2 calls

Manas Agrawal

Sanford C Bernstein

Max Financial Services Limited

Max Financial Services Limited CC-Mar25.pdf · 2025-05-14
Couple of questions, sir. One, I think all players in the private space have been able to attach riders in this year, want to understand what has really changed and why is it working now versus not 3 years ago and why it should work in the next 3 years? That is part 1. Second is, you talked about the rebranding helping in building up the brand. Have we started to take any action on pricing to reflect brand strength? And just one more piece on timelines for reverse merger? That will be the questions.
Thank you, sir.

ICICI Prudential Life Insurance Company Limited

ICICI Prudential Life Insurance Company Limited CC-Dec24.pdf · 2025-01-21
Sorry to go back into margins. Just wanted to understand and confirm. You said product level margin was stable. This is slightly contrary to what we're seeing with peers where they are seeing better rider uptake and therefore better margins on the ULIP side and they have repriced to adjust for interest rate movement and therefore non- par/par margins have also improved. So, if the product margins are stable, why this delta relative to peers and if you are saying product margins are stable, the n the entire movement in margins on a sequential basis or YoY basis coming only from mix, is that the right way to think about it? I will also squeeze in on margins. Is there any impact from surrender value?
So, we have not cut customer IRRs in line with interest rates. Is that accurate?