Covid-19 has proved to be a “Penny Dropping Moment” for customers of the Indian insurance industry as they are now more appreciative about the value of life insurance. Prior to this pandemic, even educated elites had been procrastinating the purchase of life insurance. And even when they purchased, the insurance cover had always been grossly inadequate. This mindset is probably changing now and customers are now looking for protection products. Life insurance should be purchased by each and every person at the beginning of their career.
Health, life insurance premiums need a tax cut? GoM to meet on October 19
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