IRDA expects that the industry to post a double-digit growth in business this fiscal. The growth will be spurred by an improvement in the country’s economic growth, said Sudhin Roy Chowdhury, member (life), IRDA.
“Last three years we have seen a dip in business, but this year we expect the insurance industry to be on a growth trajectory. Gold is likely to lose sheen now and even real estate and stock markets have witnessed a dip. These could contribute to the growth in insurance sector,” Chowdhury said at the 6th ICC Insurance Summit in Kolkata recently.
