News From Press Life insurance: Ulips, online distribution to drive growth

Life insurance: Ulips, online distribution to drive growth

Source: Financial Express Aug 31, 2018

Insurance is an important financial savings product in India. Household financial savings data shows that insurance funds contributed 1.9% of the Gross National Disposable Income (GNDI) in India in 2017-18, making it the third largest component of household financial savings after bank deposits and provident and pension funds, according to RBI Annual Report 2017-18. On a relative basis, shares and debentures (which also includes mutual funds) contributed 0.9% of GNDI in 2017-2018.

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