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.
Your support to NYOOOZ will help us to continue create and publish news for and from smaller cities, which also need equal voice as much as citizens living in bigger cities have through mainstream media organizations.
Stay updated with all the Chennai Latest News headlines here. For more exclusive & live news updates from all around India, stay connected with NYOOOZ.