Growth insured1 min read . Updated: 29 Nov 2011, 10:27 PM IST
However, the report also states that while the Indian life insurance market will continue to be one of the most attractive markets for growth globally, the paradigm for success is likely to change significantly, driven by discontinuities in regulations, customer behaviour and technology adoption.
The report confirms that while the Indian life insurance industry has become one of the top markets globally, the current growth was primarily driven by short-term investment-linked products, with limited emphasis on long-term savings and protection coverage. Here are some findings of the research.
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Graphic By Yogesh Kumar/Mint