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Due to tax cuts, experts predict growth in life insurance in India

The brokerage firm BNP Paribas believes that the life insurance sector will perform growth due to increased production efficiency and lower taxes, Industry Global News24 reports.
Due to tax cuts, experts predict growth in life insurance in India

According to BNP Paribas, productivity gains, Internet technology and reduction in labor costs will further decrease the cost-to-income ratio.

“We believe that life insurance is likely to rise, as Indian consumers begin to see insurance as an investment tool. As information spreads and number of customers increase, insurance is to become more accessible,” the broker’s statement says.

They are confident at BNP Paribas that the market problem is in the demand, but in the inertia of insurers who are in no hurry to adapt to changing consumer preferences.

Source: https://industryglobalnews24.com/banking-is-expected-to-see-the-next-major-business-turnaround-life-insurance
Photos are from open sources.

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