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.
Gold Price Prediction: Gold hits record high of Rs 1,00,403/10g on Iran-Israel tensions; can the uptrend continue?
Gold prices surged on MCX, breaching ₹1 lakh per 10 grams amid Israel-Iran tensions and a weaker dollar. Silver also saw gains, while geopolitical uncertainty