Life Insurance New Business Premium up 14.5 % for FY11
Indiainfoline - India
Life Insurance, as a unique asset class, is expected to not only boom but also out-perform during this decade. It will in fact complement and support other asset segments including equity, spurred by favorable demographic profile, high house-hold savings and expected manifold growth in economy in the next 10 years.
(...) As per UN population division projections, India’s population by 2015 will constitute of 30% individuals under age 14 and a whopping 60% in the age group of 15 to 59 years indicating a potential high-growth prospect for the Indian Life Insurance industry,…(23 May 2011)