The life insurance industry in India, consisting of 24 companies, has seen robust growth in 2017, backed by new business models, better products, customer centric technological initiatives along with a growing trend of personal savings in India. The industry is poised for higher growth in the second half of the current financial year and private insurers are expected to lead the charge. We speak to Mr Amitabh Chaudhry, MD & CEO, HDFC Life, on some of the issues the market is grappling with and what the future holds for the industry.
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