Comments
Having witnessed a slowdown in business growth during the last three years, the life insurance industry is likely to post a positive growth in 2013-14.
According to Sudhin Roy Chowdhury, member (life), Insurance Regulatory and Development Authority (IRDA), the industry might post a double-digit growth in business this fiscal. The growth will be spurred by an improvement in the country’s economic growth.
“Last three years we have seen a dip in business, but this year we expect the insurance industry to be on a growth trajectory. Gold is likely to lose sheen now and even real estate and stock markets have witnessed a dip. These could contribute to the growth in insurance sector,” Chowdhury said at the 6th ICC Insurance Summit here on Saturday.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.