India Insurance Q2 2018
India has one of the brightest insurance industry outlooks in the world, with sustained high growth momentum in boththe life and non-life insurance segments. The larger life insurance sector will be primarily driven by growing incomes, increasingproduct awareness and demand for savings. Furthermore, it will also be supported by employer-sponsored contributions over thenext decade. Non-life insurance will witness robust growth rates, outpacing life insurance growth as steady expansion in the middleclass, coupled with healthy private final consumption, will support sustained purchases of insurable goods, such as homes andvehicles. Additional factors supporting the insurance industry’s fortunes will include strong headline economic performance,favorable demographics, product innovation and the strong brand loyalty and distribution networks of the insurance carriers.
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