Prashant Tripathy, Senior Director and Chief Financial Officer (CFO) of Max Life Insurance Company Ltd. talks about New York Life taking 2% stake in Max Financial.
I do not see market share falling because LIC has still a very-very great presence in semi urban and rural areas where private sector has yet to make a mark, he mentioned.
Insurance is becoming a key force in Indian economy. Life insurance is evolving into a big challenger to banks and mutual funds in channelising financial savings.
