 "insurance")
Profitability of life insurance companies is likely to remain flat in the January-March quarter (Q4) of 2024–25 (FY25), weighed down by a lower contribution from low-margin unit-linked insurance plans (Ulips), slow growth in the credit protection segment, and continued investments in distribution channels. Meanwhile, profitability of general insurers is expected to be hit by changes in accounting norms and a higher claims ratio, analysts said.
Sales of Ulip products are likely to have dipped in Q4FY25 due to choppy equity markets. The credit protection business has also likely weakened amid a slowdown in microfinance disbursements. Muted growth in Ulip and
