Shares of listed life insurance companies were trading actively today, rallying up to 7 percent on the BSE, after SBI Life Insurance reported a good set of numbers for the quarter ended March 2020 (Q4FY20).
Analysts believe that the overall insurance penetration in India is likely to rise post-COVID-19 scenario with the individual as well as corporate customers becoming more cautious toward such a crisis. They also remain certain that demand for pure protection tends to rise, with individual customers getting more educated toward the risk that such insurance covers.
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