Future market belongs to pension
and annuity: DK Mehrotra, Acti
Chairman, LIC
Shilpy Sinha, ET Bureau Sep 19, 2011, 05.22am IST
Ulips | Life Insurance Corporation
Life Insurance Corporation of India, the country's largest i
shifted focus to traditional products from unit-linked insur
(Ulips) over the past two years, said acting chairman DK
Mehrotra . In an interview with Shilpy Sinha , Mehrotr
the Corporation, which is now trying to reach out to the yo
generation, will witness improvement in sales, going forwa
Excerpts:
Sales have been falling for sometime. How do you lo
scenario?
Sales were hit as the market went into a cycle of slowdown. W
seeing growth now. In the past two years, we have tried to co
shift to traditional products. People started selling insuranc
investment products, but the two should not be mixed. Insu
meant for risk cover. It is better to go back to traditional pro
which ensure long-term business. Earlier, we had Ulips and
products at a 60:40 ratio, which has now reversed.
and annuity: DK Mehrotra, Acti
Chairman, LIC
Shilpy Sinha, ET Bureau Sep 19, 2011, 05.22am IST
Ulips | Life Insurance Corporation
Life Insurance Corporation of India, the country's largest i
shifted focus to traditional products from unit-linked insur
(Ulips) over the past two years, said acting chairman DK
Mehrotra . In an interview with Shilpy Sinha , Mehrotr
the Corporation, which is now trying to reach out to the yo
generation, will witness improvement in sales, going forwa
Excerpts:
Sales have been falling for sometime. How do you lo
scenario?
Sales were hit as the market went into a cycle of slowdown. W
seeing growth now. In the past two years, we have tried to co
shift to traditional products. People started selling insuranc
investment products, but the two should not be mixed. Insu
meant for risk cover. It is better to go back to traditional pro
which ensure long-term business. Earlier, we had Ulips and
products at a 60:40 ratio, which has now reversed.
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