Looking at re-pricing of protection products, says SBI Life’s Mahesh Kumar Sharma

Prices will be competitive and should come in this quarter, Mahesh Kumar Sharma - CEO & MD of SBI Life said.

CNBC-TV18

October 29, 2020 / 12:52 PM IST

SBI Life is looking at re-pricing of the protection products, company CEO and MD Mahesh Kumar Sharma told CNBC-TV18 on October 29.

“Prices will be competitive and should come in this quarter,” he said.

The company’s Q2FY21 results were mostly in-line with expectations, Sharma said, adding that they will have sustained growth in VNB margins and that trends suggest they will achieve positive growth.

#2QWithCNBCTV18 | SBI Life's earnings were mostly in-line with expectations. Mahesh Kumar Sharma, MD & CEO tells @latha_venkatesh, @_soniashenoy that they will have a sustained growth in VNB margins & that trends suggest that they will achieve positive growth@SBILife pic.twitter.com/toNGac8bVv

— CNBC-TV18 (@CNBCTV18News) October 29, 2020

“Margins have increased from 18.1 percent to 18.8 percent. We have seen growth in the demand for insurance products. We will ensure that going forward we have a good growth in value of new business (VoNB) margins,” he added.