India’s Life Insurance Industry Could Top $400 Billion By 2020: MetLife

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With 12 to 15% growth, life insurance industry in India should be a USD350-400 billion market place by 2020, according to a senior exec at Metlife. During an interview with CNBC-TV18, MetLife executive vice president Maria Morris exuded confidence at the growth of life insurance industry in India. Increase in FDI insurance cap to 49% in India After a tumultuous journey over the past six years, the Insurance Bill 2015 was passed last March in India. The bill facilitates increasing foreign investment limits in the insurance sector from 26% to 49%. Reacting favorably to the passage of the Insurance Bill,…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports