Analysts anticipate a margin squeeze for life insurance companies in the fourth quarter of fiscal year 2023-24 (Q4 FY24), attributed to a high base and changes in product mix. Following the Union Government’s tax norm revisions in March 2023, a surge in high-value non-participating policy sales was observed, prompting a shift towards ULIPs and participating products.
Life Insurers Face Margin Pressure in Q4 due to High Base and Product Mix Shift
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