COVID-19 has created unprecedented challenges for the Indian financial market. According to the International Monetary Fund, India’s growth estimate for FY21 to 1.9 per cent from 5.8 per cent. The length and severity of the economic downturn is the main question – not whether it will happen or not. In this situation, where ‘low-touch’ is the norm, and volatility and unprecedented events are taking place (the closure of the 6 schemes of Franklin Templeton, with Rs 30,000 crores stuck of investors is an example), understanding the new needs, and risk, of investors, becomes all the more difficult.
Insurers receptive to covering chronic ailments, declare PEDs honestly
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