State-backed Life Insurance Corporation of India (LIC) recorded strong growth in the value of new business (VNB) margin in the third quarter of financial year 2023-24 (Q3FY24) while major listed private life insurers reported a weak performance. VNB refers to the profit that an insurer is likely to garner from new business, which comes from policies sold in a particular period. VNB margin is the profit margin of the insurer.
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
The right investment at the right age will help you enjoy a secured post retirement life.
When looking for alternatives, consider several parameters -- your investment horizon and liquidity requirement, post-tax returns, and risk.
Conservative investors and those in the lower tax bracket should opt for these, experts tell Sanjay Kumar Singh
If you plan to withdraw money from your corpus regularly to meet expenses, have a portfolio of stable instruments.
Much of the tardy reaction to competition is the result of LIC's legacy.