Life insurers may see short-term pressure on profitability due to pandemic: ICICI Pru Life

In FY21, the life insurance industry reported a modest 3 per cent growth in new business premium, said the report, adding the industry continues to get a higher share of household savings because of the increased attractiveness of life insurance savings products, the unique proposition of protection and annuity products among others.

from Banking/Finance-Industry-Economic Times https://ift.tt/3iVg6uQ