Prasun Gajri, Chief Investment Officer at HDFC Life, in an interview on CNBC-TV18 says insurance products are one of the biggest contributors to the equity market. "Till recently, as much as 80-85% premiums came from ULIPs," he says. However, post the change in ULIP norms, sale of this insurance product has fallen drastically, impacting the industry.
He, however, says the fall will be very accentuated because renewal premiums do play a part in terms of the equity market flows. "Since the renewal premiums are largely going to flow from ULIPs, I donDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
