Schedule a call Click here
Give missed call to buy +91-9980970424
Contact Us
For NRI Customers
(To Buy a Policy)
(If you're our existing customer)
For Online Policy Purchase
(New and Ongoing Applications)
Branch Locator
For Existing Customers
(Issued Policy)
Fund Performance Check
Login
Customers
Employees
Partner
Reasons Why Life Insurance is Great Sector to Invest In
- Low Penetration- The ratio of premium to Gross Domestic Product (GDP) in India is only 2.7 percent compared to a world median of 3.5 percent, or Thailand’s 4 percent or South Africa’s 11 percent. This makes Life insurance an exciting high growth sector.
- Underinsurance- We not only have the issue of lower penetration, but also under-insurance. People who are aware and have taken an insurance policy are grossly underinsured. Both these factors mean faster growth opportunities.
- Fastest growing economy - Our population is only growing at about 1.2 percent. This means, the per capita income will grow at a much more rapid pace. This leaves space for fast growth.
- Foreign Institutional Investors and pension funds like them- Long-term institutional investors like pension funds and other FIIs love the life insurance sector for the visibility it offers. And knowing the growth possibilities in the sector, they are likely to hold these stocks for a really long term.
- The long term capital gain gifts- This year’s budget exempted the investments through Unit Linked Insurance Plan (ULIPs) from the Long Term Capital Gains (LTCG) tax. While direct equity and mutual fund units will bear the LTCG impact, the ULIPs will be exempted. This gives the ULIPs a tax differential, which will make them a preferred vehicle of equity investments. As more money flows into ULIPs the Assets under management (AUMs) of these insurance companies will rise, enabling them to improve their returns to their shareholders.
- High Growth- New business in life insurance premium has increased at a Compound Annual Growth Rate (CAGR) of 24.3 percent for 2015-17. Life insurance companies enjoy a lower corporate income tax rate of 14.3 percent.
Life Insurance is the best sector to make an investment in the present. HDFC LIFE offers various plans to help you plan your investment.
Calculate Premium
Term Plan Articles
Investment Articles
Tax Articles
Retirement Articles
ULIP Articles
Subscribe to get the latest articles directly in your inbox
Health Plans Articles
Child Plans Articles
Popular Calculators
Francis Rodrigues
Francis Rodrigues has a decade long experience in the insurance sector, and as SVP, E-Commerce and Digital Marketing, HDFC Life, manages the online sales channel, as well as digital and performance marketing. He has had hands-on experience in setting up sales channels and functional teams from scratch over a career spanning 2 decades.
Written By:
HDFC Life
Reviewed by Life Insurance Experts
HDFC LIFE IS A TRUSTED LIFE INSURANCE PARTNER
We at HDFC Life are committed to offer innovative products and services that enable individuals live a ‘Life of Pride’. For over two decades we have been providing life insurance solutions - protection, pension, savings, investment, annuity and health.
HDFC Life Insurance Company Limited. CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101.
Registered Office: Lodha Excelus, 13th Floor, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai 400 011. Email: Buyonline@hdfclife.in, Tel No: 1800-266-9777 (10 am to 7 pm). The name/letters “HDFC” in the name/logo of the company belongs to Housing Development Finance Corporation Limited (“HDFC Limited”) and is used by HDFC Life under an agreement entered into with HDFC Limited.
For more details on risk factors, associated terms and conditions and exclusions please read sales brochure carefully before concluding a sale.
BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRAUDULENT OFFERS
|
Popular Searches
- Best Investment Plans
- What is Term Insurance
- 1 Crore Term Insurance
- Short term saving plan
- Saving plans
- ULIP Plan
- Health Plans
- Child Insurance Plans
- Group Insurance Plans
- Long Term Savings Plan
- Fixed Maturity Plan
- Monthly Income Advantage Plan
- Pension Calculator
- BMI Calculator
- Compound Interest Calculator
- Term insurance Calculator
- Tax Savings Investment Options
- 2 crore term insurance
- 50 lakhs term insurance
- annuity plans
- Investment Calculator
- get pension of 30000 per month
- ULIP Returns in 5 Years
- investment plan for 5 years
- investment plan for 10 years
- 50-Lakh Investment Plan
- guaranteed returns plans
- sanchay plans
- Pension plans
