“While we remain sensitive about the health impact and loss of lives due to the pandemic and continue to focus on employee, customer and partner safety norms, opening up of the economy has led to a pickup in activity levels on the ground.This has also resulted in a marginal uplift in household income and spends. Insurance as a category has emerged stronger as a vehicle to protect one’s family and realise their long term financial goals,”Vibha Padalkar,managing director and CEO said.

“The amount of business that will happen through the protection portfolio will increase by leaps and bounds, and on the savings side people will prefer opting for guaranteed return based products because the minute the guarantee return is not there then you are dependent on the whims and fancies of the market and today because of the uncertainty very-very few people are open to bet on the market,”IndiaFirst Life deputy CEO Rushabh Gandhii said.