Life insurance market is growing in India and there are many international players who are entering the market. Without going into details of regulatory framework, we foresee that life insurers can play a very active role in this segment of business and thus have a good growth in their portfolio. The reasons behind this thinking are
As at present, India is poised for a strong economic growth, we must not miss any avenue to accelerate or support the growth momentum. Home equity/ Reverse Mortgage products are such products that have the potential of not only increasing the liquidity in the economy but also diversifying many risks. Besides insurance and pension products, actuaries with their long term horizon are in the position to play a leading role in designing products like reverse mortgage needing inputs both from actuarial and finance/investment domains.
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