Indians more inclined towards life insurance during Covid’s second wave

The second wave of Covid-19 in India has made people more cautious and aware of their insurance needs as more people are buying insurances now. 

The deadly second wave of Covid-19 in India has claimed more than 3.83 lakh lives so far. The havoc wreaked in the last few months have made people more cautious and aware of their insurance needs as more people are buying insurances now. This, coupled with the lower base effect of the insurance business from the previous year, has shot up the sales figures of insurances during April and May 2021. The individual life insurance rose by 27.06 per cent during the first two months of the current fiscal year. This is the highest growth in almost last five years.