Summary:
Chennai: Insurers in India are having a hard time getting a grasp on their projected insurance claims experience. According to Peuli Das appointed Actuary IndiaFirst Life Insurance Company Limited “India's GDP has shrunk over 24 per cent this quarter. As such the assumptions we make today can end up creating severe strains on the insurer's finances in the not so distant future. Insurers are reacting to it with a slew of protection products along with options to convert into pension or health insurance plans. Marquee online service providers are racing to partner with insurers to distribute products featuring life health and pension benefits” she added..