Year of survival for insurance industry; don't expect growth: Bajaj Allianz

Recognising that customers have their own concerns, he said the company is equally taking care of its own employees during this lockdown

Bajaj Allianz Life is not expecting significant growth for the insurance industry this year due to coronavirus impact on the economy, a top company official has said.

However, the insurer said, customers, will like to buy policies online.

"I think this is a year of survival, not everybody is likely to invest (in policies) when the GDP (gross domestic product) is not likely to do good. This year will not be a year of significant growth," Tarun Chugh, MD, and CEO of Bajaj Allianz Life Insurance, told PTI in an interview.

Chugh said the customer behaviour will change a lot,