Flat growth for life insurance industry in FY21: Kotak Life Insurance CEO

 The life insurance industry's growth in the current fiscal is likely to stay flat amid sharp traction seen in the protection business and ₹5 lakh income tax exemption will have a short term negative impact, Kotak Mahindra Life Insurance MD & CEO G. Murlidhar

KOLKATA : The life insurance industry's growth in the current fiscal is likely to stay flat amid sharp traction seen in the protection business and ₹5 lakh income tax exemption will have a short term negative impact, a top life insurance official said on Wednesday.

In the private sector players, the additional premium income saw a de-growth of 4% in the first half of the fiscal while some companies attained healthy growth. Companies that could offer complete digital onboarding and servicing platforms immediately grew, he said.