Shriram Life betting on pension, annuity products

SHRIRAM LIFE INSURANCE, which focuses on low and middle-income households, is betting on annuity and pension products, with India's elderly population being projected to rise from 150 million to 350 million by 2050.

- NARAYANAN V

"The market for annuities is going to be very big. If getting lives covered through term insurance is important, having enough corpus in retirement is equally crucial," said Casparus JH Kromhout, managing director and CEO of Shriram Life Insurance. "That's why the market is growing."