The life insurance industry, which has seen some tough times during the last few years, is expected to grow 10-15% in the current fiscal. A stable government and clear indications of expediting reforms have laid the foundation for India to regain the growth momentum, and the insurance industry is expected to benefit from the same. The sector has already witnessed green shoots of improvement in terms of higher consumer awareness and trust/transparency, launch of innovative products and distribution channels, and a heightened focus on need based selling and customer centricity.
