ICICI Prudential Life FY2026 VNB Up 10.9%

ICICI Prudential Life reported FY2026 results with a 10.9% YoY VNB growth to ₹26.29bn and a 34.6% YoY PAT increase to ₹16bn.
The company highlighted strong retail protection growth of 60.5% YoY in Q4, aided by GST reforms, and maintained a 99.3% claim settlement ratio.
Management discussed the transition to IND-AS accounting standards and ongoing cost optimization initiatives that reduced the savings cost-to-premium ratio by 40 bps to 12.1%.