In Q1FY20, gross premium income rose 29.2% YoY driven by 46.6% YoY growth in new business premium. Value of New business (VNB), which is the profitability of new business underwritten in the period, more than doubled YoY to Rs. 509cr with VNB margin (VNB as a % of amount of new business) growing to 29.8%. PAT rose 11.7% YoY to Rs. 425cr, while embedded value (sum of current net worth and PV of future profits) grew 22.6% YoY to Rs. 19,230cr. Although the company reported strong growth in both premium and...