Protection solution’s outlook for 2018: The life insurance industry will expand its protection solutions bouquet. With falling interest rates and people looking for wealth conservation, guaranteed life insurance solutions will also gain prominence. To increase penetration and provide life insurance for all, many new-age over the counter life insurance solutions will also be offered to customers to allow easy and on the go purchase of such products. Distribution outlook: Distribution channels like agency, bancassurance, and online distribution have widened the reach and reduced costs for life insurance firms. 2018 will witness emergence of unique distribution models like the India Post Payments Bank (IPPB) getting into selling insurance products.

Source: dna December 27, 2017 20:03 UTC