Life insurance companies have to deal with uncertain times: Rajesh Sud
Aftab Ahmed: Feb 21 2013, 10:18 IST
means we have three times more capital than required. We are now profitable and have been generating surplus. Currently, we don’t see requirement of new capital in the company.
Bancassurance has been delayed. What is your stand on the issue?
We certainly expect more consultation. There are many views. Some companies feel this is the right thing to do and some companies believe banks really are not sellers of long term-savings and protection. They are good sellers of shorter tenure investment products. But what does insurance really stands for: Long-term savings and protection to let banks do would require specialisation and I am not really sure they have the commitment to do that separately.
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