Life insurance firms must take inputs from youngsters for customised products, here’s why – Financial Express

Life insurance firms must take inputs from youngsters for customised products, here’s why – Financial Express

So far as providing life insurance cover to more people is concerned, the performance of the industry has been disappointing as it appears from the IRDAI data released recently regarding the performance of the industry for the year 2018-19. The growth of new business premium (NBP) has been mere 10.73%. LIC is responsible for pulling down the industry average as the state-behemoth achieved only 5.68% growth in the NBP income for the whole year.

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