Mahesh Kumar Sharma, MD & CEO of SBI Life Insurance expects the recent recovery trends to sustain.

“We are improving in ULIPs from September and seeing growth over last year with market sentiment improving,” he said.

According to him, October numbers were impacted by reintroduction of lockdowns.

“I don’t think there was much of a difference in new business growth in October. The only thing was that there were some pockets where the lockdown was reintroduced and was stricter. So that was one of the factor where October growth was not much over September growth,” said Sharma.

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