Covid could be "penny drop" moment for insurance companies: Vibha Padalkar, CEO, HDFC Life

"This is a penny drop movement for life insurance especially for term products. We always compare how Chinese insurers have over 15% share of term protection while for India on a weighted premium basis it is in single digits. This could change with the pandemic and we are definitely feeling a pull."

from Banking/Finance-Industry-Economic Times https://ift.tt/3hHWcPC