Gross premium income rose 13.7% YoY in Q4FY21 driven by new business premium (+22.9% YoY) and retail renewal premium (+6.1%). VNB stood at Rs. 591cr, while VNB margin contracted marginally to 23.6%, driven by protection mix and non-linked business. PAT reached Rs. 65cr (-63.6% YoY, -78.6% QoQ) impacted by higher benefits paid and rise in actuarial liabilities. Profitability is expected to improve due to strong persistency ratios and reduction in discretionary spends along with growth potential in...