As the world is battling with the deadly COVID-19, major concerns around combatting the fallouts of the impact of the virus have been ubiquitous. India, a country of 1.38 billion people, has been facing one such concern—ambiguous financial future.
With life insurance penetration at 2.74% as of 2018 and expectations for the life insurance industry to grow 12% to 15% annually over the next three to five years, now may be a good time to consider life insurance policies that may help ease your anxiety about protecting yourself and your loved ones financially.
We spoke to insurance companies offering life insurance to know how to select your life insurance policy during the coronavirus pandemic. Here’s what they said.
Choose A Life Insurance Plan That Offers Protection First
Although the crisis has created uncertainty, it has also offered insurance companies time to think more deeply about innovation, improved customer experiences,