Axis Max Life sees margin gains holding firm as product mix settles
· livemint.com
CEO Sumit Madan rules out near-term product changes as VNB margins surge to 23.2%, buoyed by strong demand for retirement products, protection sales, and channel expansion.
On protection products, Madan said the shift to a lower goods and services tax (GST) rate did more for demand than the industry had expected—less because cust...