Present & future of Life Insurance Industry in India.

Mr.Girish Kulkarni
 MD & CEO Star Union Dai-Ichi Life Insurance

Mr. Girish Kulkarni ( MD & CEO Star Union Dai-Ichi Life Insurance )  gave overview of Life Insurance Industry in India & how society looks at it & Insurance professionals. Protection of life is very vital which we in India do not give adequate importance.

Underlying principle, according to Mr. Kulkarni is “Insurance is not about what money can earn but what your money can achieve”

In India understanding of life insurance is poor and also its affordability is an issue.

70% opportunities for growth lies with rural population, which ends in the hands of unorganized sector, like money lenders.

With Govt’s policy of bank account for every one, followed by liberalization & opening of Insurance sector, India has a huge challenge for insurance in next 10 years.