In 2011, there were 104 million elderly people in India. The number would have increased substantially as the proportion of elderly people has been rising over.
Around 70,000 children are born every day in India. The availability of adequate resources during the growth years of the child plays an important role in his/her development.
The average penetration and density of life insurance in India is a measly 2.76%. There have been improvements in this arena but overall the growth has been rather slow.
Unit Linked Insurance Plans are one of the most popular investment options. They offer a variety of benefits like investment, insurance, and tax-saving at the same time.