A Swiss Re Sigma study1 expects India to soon be among the ten largest insurance markets globally. However, life insurance penetration in India is not very high. According to reports3, it was only 3.2% in the financial year 2021. You might wonder why, and rightly so! Many people associate life insurance only with emergency planning, and they see life insurance as a financial provision useful only in the face of unfortunate events. While this might…
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