The insurance sector is finding favour among analysts. There is an expectation that there could be a strong tailwinds for the sector to help in building a solid foundation for strong and structural growth in the industry.
In an interview to CNBC-TV18, Amitabh Chaudhry, MD & CEO of HDFC Standard Life Insurance Company Limited spoke about the latest happenings in his company and insurance sector.
Chaudhry said that the growth for the last 4 years for life insurance sector has been strong.
He further said that we have seen growth of over 25 percent for last 2 years.
According to him, gross domestic product (GDP) growth, financial savings etc. are spurring growth in life insurance sector.
We expect industry to grow at 15-17 percent for next 4-5 years, he further mentioned.
Talking about bancassurance, he said we expect bancassurance to continue to do well.
For entire interview, watch accompanying video.
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