He however noted that there was a significant drop in sales of non-term policies.
Given the current scenario, there is a lot more predisposition towards taking insurance, especially term insurance because people are a little bit scared about what could happen, Ashwin B, Chief Operating Officer, Exide Life Insurance Company said in an interaction.
He said this has also created a space for the company to solicit policies to those customers who are willing to buy insurance during the lockdown currently.
“People are becoming a little cautious of taking any long-term commitment, especially in this slowdown. A large portion of India is non-salaried class. Apart from essential services, small traders and businesses are shut. So, at this point of time,…