Like most other industries, the outbreak of Covid-19 pandemic has impacted all types of insurance, including life, general and health insurance, which will get further impacted as the crisis intensifies.
So far as the life insurance industry is concerned, it normally deals with pure risk term policies, investment-linked policies, and savings policies with guaranteed/semi guaranteed long-term returns. There will be impact across the board, but the reasons will be different for each category, according to a recent report by PwC India.
