The on-going COVID-19 pandemic and the subsequent lockdown that followed had a significant impact on the economic climate of India. As per the National Statistical Office (NSO), India’s GDP in the first quarter of 2020-21 contracted by 23.9% and while the economy shows positive signs of recovery in recent months, there is continued pressure on the private sector to generate employment opportunities. To help people deal with job or income losses, India’s leading online insurance marketplace has launched a new vertical, where visitors can buy income loss insurance products.
Key to long-term investing: ‘Time in the market’ more important than ‘timing the market’
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