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MUMBAI: LIC has mentioned that it might take extra time to reach at its embedded worth. The company has mentioned that it might be able to declare this key quantity by July 15.
Not like most companies, the efficiency of a life insurance coverage firm is set by the long run income that insurance policies bought throughout the yr will usher in. This can be a advanced calculation because it elements in rates of interest and lapsations. LIC has put in place new software program to reach on the embedded worth on a quarterly foundation.
LIC declared its outcomes on Could 31 when it reported a revenue of Rs 2,372 crore for the quarter ended March, and Rs 4,043 crore for 2021-22. From the analysts’ standpoint, nonetheless, the outcomes have been incomplete as LIC didn’t disclose the brand new enterprise revenue and embedded worth. Officers mentioned that calculating these took time as LIC had over 280 merchandise and the profitability for every product must be calculated individually.
Not like most companies, the efficiency of a life insurance coverage firm is set by the long run income that insurance policies bought throughout the yr will usher in. This can be a advanced calculation because it elements in rates of interest and lapsations. LIC has put in place new software program to reach on the embedded worth on a quarterly foundation.
LIC declared its outcomes on Could 31 when it reported a revenue of Rs 2,372 crore for the quarter ended March, and Rs 4,043 crore for 2021-22. From the analysts’ standpoint, nonetheless, the outcomes have been incomplete as LIC didn’t disclose the brand new enterprise revenue and embedded worth. Officers mentioned that calculating these took time as LIC had over 280 merchandise and the profitability for every product must be calculated individually.
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