Life Insurance - the obvious and not so obvious facts - By K R Balasubramaniyan

Background

The Indian life insurance sector is currently the 10th largest globally and is evolving into one of the world's fastest-growing markets, with premium growth expected to accelerate to 6–9% annually between 2026 and 2030. Bolstered by the government's "Insurance for All by 2047" initiative and the opening of 100% FDI, the industry is booming. However, this rapid growth contrasts sharply with low consumer financial awareness, making expert, trustworthy guidance essential to navigate the modern market

K.R. Balasubramaniyan brings 30 to 35 years of experience in the life insurance industry. He specializes in life insurance financial awareness for individuals, business insurance for companies, personal/property firms, and group insurance for companies. He is a postgraduate in Mathematics and has cleared special papers conducted by the Insurance Institute of India. He has worked in different positions in the public sector at LIC and has driven the marketing growth of the life insurance business. He has also specialized in dealing with companies, offering them group schemes, gratuity, and superannuation schemes. He also has experience in bancassurance and in sourcing business from brokers and MRTs.