"Aadhaar, PAN to help in faster claim settlement"
From implementation of GST to adoption of new technologies, Anuj Mathur, Chief Executive Officer of Canara HSBC OBC Life, talks with Teena Jain Kaushal and Priyadarshini Maji on how the industry is bracing for changes
- Sep 2, 2017,
- Updated Sep 6, 2017 12:57 PM IST
The industry is doing well and according to the June numbers that were released recently by IRDA, the private sector has grown by 45 per cent in a month. I can see at least 25-30 per cent growth in the industry this financial year has come primarily through the banking channel. The bancassurance channel is growing by 35-40 per cent whereas the agency is growing by a slightly lower number. So, there is also a clear divide.
The industry is doing well and according to the June numbers that were released recently by IRDA, the private sector has grown by 45 per cent in a month. I can see at least 25-30 per cent growth in the industry this financial year has come primarily through the banking channel. The bancassurance channel is growing by 35-40 per cent whereas the agency is growing by a slightly lower number. So, there is also a clear divide.