We expect Q3 to be better than Q1 and as good as Q2: Bajaj Allianz Life CEO

In the segment, life insurers are able to give better post-tax returns than fixed deposits, Chugh said

There was surge in demand for term products during the initial days of the Covid-19 pandemic, but the euphoria seems to have ebbed, said Tarun Chugh, managing director and chief executive officer of Bajaj Allianz Life Insurance. In an interview with Subrata Panda, Chugh discussed the firm’s performance in Q2, strategic changes it has made due to the pandemic, and the sudden rise in Covid-related death claims. Edited excerpts:

The first quarter saw decline in new business premiums, but Q2 seems to have been better for the life insurance industry. What is your assessment of the situation and your outlook for