FY2020 was a challenging year for the Indian insurance Industry due to the introduction of a simplified direct tax structure, weak equity markets and COVID-19 impact at the end of FY20. Growth remains in single-digits.
Swapna Bhandarkar spoke with Nidhesh Jain, insurance analyst with Investec India on the latest trends and demystifying the sector for our listeners. COVID19 will see a serious change in the behaviour of people and savings rate may increase is what Nidhesh strongly believes.
