At Mint’s Life Insurance Conclave, held on 25 January, the country’s major insurers came together to talk about roadblocks to getting India insured. SBI Life Insurance Co. Ltd’s MD and CEO Arijit Basu, Kotak Mahindra Old Mutual Life Insurance Ltd’s managing director G. Murlidhar, Aegon Life Insurance Co. Ltd’s managing director and chief executive officer K.S. In India as of now, only people in metros and urban India, who are financially literate, understand the need for pure protection. We sell 1.5 million policies, whereas even today LIC (Life Insurance Corporation of India) sells close to 13 million policies. There is no point in making the agent run around three to four times for a term insurance product.

Source: Mint January 29, 2017 12:17 UTC