Pedestrians shelter under an umbrella as they walk through the rain. Photographer: Ian Teh/Bloomberg
While insurers, like other sectors, witnessed a contraction in premium during the lockdown, one segment of their business grew: protection policies.Demand for term plans and guaranteed savings policies rose as worried Indians looked to cover risk during the pandemic that has already infected more than 7.5 lakh Indians and left more than 20,000 dead.“Though things aren’t back to normal as yet, June has seen a clear shift and improveme...