What are the challenges of insurance sector in 2021
The year 2021 is the beginning of a new decade in the Indian Life Insurance Sector, with a year like 2020, things are pretty much changed for every business sector. Similarly, impacts have been noticed in the Insurance sector as well. The growth rate of India and the world has taken a hit because of the nation-wise lockdown. But now we are moving back on track with improvement noticed by government agencies, and the prediction of getting much better in other quarters of the year, the insurance industry is also going to get benefitted from it. India has seen rapid growth in the private sector insurers and the country is not moving forward with the market-driven competition. Whereas earlier the industry used to be dominated by the public sector insurers only. If you are trying to get the right insurance for yourself, then you can connect with Bimaplus the best Life Insurance Advisor in Noida Sector 2 . With regulatory shifts, there are certain changes in the way of working of insu