ICICI Prudential Life Insurance Company Limited CC-Sep23.pdf · 2023-10-17
So, most of the questions which I had have been answered. One thing that I wanted to understand, and this is with respect to distributions, especially ICICI Bank. We have a setup where, I mean, your peers, the closest peers, HDFC , Max get about 50%, 60% of their APE from their main banking partner that is Axis Bank and HDFC Bank. For us, it's come down significantly. It's kept coming down over the quarters. It's about 13.5%. Just last year same period, it was about 20%. I have three very specific questions on this one. One thing at ICICI Pru Life, do you have an intention to sort of increase your sales across product categories through ICICI Bank? If yes, then my second question is, are you doing something about it, looking at ways in which this can be done ? This will help growth come back as well for the Company. Just wanted the perspective from the management on this one.
One final question. I mean, sinc e earlier you had one guidance on the VNB side which was doubling VNB in four years. Under the new leadership, I just want to understand, is there one large guiding ambition in terms of quantification that you have, let's say for the next two to three years for a slightly longer period that you would want the markets to look at and you would want to work towards?