It is expected that the prevailing interest rate situation is favourable for the profitability and growth of life insurers. The current interest rate rise is expected to improve the value of new business (VNB) margins of both participating (par) and non-participating (non-par) insurance products. Participating plans provide guaranteed and non-guaranteed benefits, while non-par plans typically provide guaranteed benefits.
Sebi clears IPOs of Avaada, Grand Housing & 2 others
The Securities and Exchange Board of India has approved IPOs for four companies, including Avaada Electro, Brookfield-backed Avaada Group’s solar PV manufacturing arm. Chennai-based Grand