Why insurance stocks could be the next multibaggers: Which are the best bets?
Synopsis
While Covid brought unprecedented challenges, it helped the insurance sector to learn new things. Technology has made the distribution of the product faster and cheaper, which is critical to increase the bottom line of a company. The industry is likely to grow faster now as the economy is recovering from the pandemic impact.
The chances of benefiting from equity investment grow if you invest in a business you are familiar with or understand. Many of us would have at some point at least heard of insurance. Insurance is also one of the major pillars of financial services as it has become an inseparable part of personal finance. So, is the insurance business worthy of long-term equity investment? If yes, which companies are best suited for your investment? According
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