On the cusp of a new growth phase

'The 16-odd months gone by did have an impact on industry practices, customer preferences, and the overall working cultures of companies', says the author

Topics
Life Insurance | Digitisation

Tarun Chugh 

Tarun Chugh

Twenty years ago, around this quarter, the Indian life insurance industry was opened up to private players. Around 11 of them commenced operations then. A lot has changed since, but it is opportune to strengthen the foundations and commence the journey into the new phase.

The industry is guided by a strong regulator whose direction and support has enabled several players to set global benchmarks. Leading global players brought in best practices through partnerships with local business houses. Life insurance products were being customised to needs such as a child’s marriage or ...

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sun, August 15 2021. 22:34 IST
RECOMMENDED FOR YOU
.