First of all,we would like to wish all the policyholders a happy, safe and prosperous new year. Finally year 2020 has ended it was a difficult year for the world from mental, physical and financial perspective. In the first half, we saw emergence of global COVID - 19 pandemic. Across the globe, there were lockdowns, countries entered into recession on quarterly basis, stock market plunged and there was fear all around. Then central banks, globally came into action and supported the economy, though pandemic is still there, positive news on vaccine coupled with better than expected recovery in the global economy gave impetus to the markets and by year end we were sitting at all time high on Nifty in India.