Dr. P. Nandagopal, MD & CEO, India First Life Insurance Co. Ltd.while addressing the ASSOCHAM seminar said â€œPeering into the next decade, we realize the way forward is by shifting the focus from â€˜Growth to Developmentâ€™ for all stakeholders which includes customers, distributors,
employees and shareholders. An equitable development ensures customer interests are taken care of first. Â
If a customer gets consistent, long term return as maturity benefit, and a fairly priced, efficiently serviced and honestly delivered risk cover to go Â along with his savings plan he will surely wake up to the product advantages sooner or later.â€
Indiaâ€™s growth story is never in doubt. If an economy is growing at about 9% in the last few years, and its people are saving more Â than 1/3rd of its GDP and the penetration is as low as 4% – we can be sure that we will grow the insurance sector. India is already Â the 10th largest insurance market in the world. . Boston consulting group report says that we will be 4th largest in the world by 2020.