'Slowdown is likely to fuel lapsation'

For the first time in the last five years the life insurance industry has witnessed negative growth in gross written premium for the nine-month period from April to December 2008. Ulips, which sold well when equity markets were rising, are not finding too many takers nowadays. Rajesh Relan , managing director of MetLife India Insurance, spoke with Suneeti Ahuja on how the slowdown is affecting the industry. • How badly is the life insurance industry affected by the slowdown? During the last nine months (April to December 2008) private sector insurers gross written premium (GWP) has grown by 20 per ...

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