bs-preloader__icon
ru kz en

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.

Share
read also
The LIC total profit grew by 61.3%
The LIC total profit grew by 61.3%

LICs earned 21.1 billion tenge of profit in November 2019....

Finprom.kz calculated the profit and loss of investment companies in Kazakhstan
Finprom.kz calculated the profit and loss of investment companies in Kazakhstan

For 8 months of this year, the net profit of investment companies in the market has d...

Insurers want to manage Kazakhstanis’ pension savings
Insurers want to manage Kazakhstanis’ pension savings

For the non-full year of 2018, 22.2 billion tenge of pension savings were transferred...

The most interesting materials of the site you have in the mail! Subscribe to the newsletter.

ASK A QUESTION TO THE EXPERT
ASK A QUESTION TO THE EXPERT
Submit your application