Rajesh Sharma
LICN is under attack now. Who is behind such attack?
There is concerted media campaign that has been magnifying its decrease in investment income and profit. Yes, that has been down but that is not the primary source of profit/loss of life insurance companies. That investment income is peanut comparing to premium income. When actuarial valuation is complete, only then the premium income could be determined. Rather than informing about this critical piece of information, the media and portals have been busy projecting LICN as a severely wounded bulldog.
However, this sounds part of strategy of a few share lords to grab shares from them who have not much idea how to read life insurance companies balance sheet.
No comments:
Post a Comment