• Penetration at 3.7% is quite low against the global average of nearly 7%
• Chinese insurers have over 15% share of term protection while for India on a weighted premium basis, it is in single digits.
• Endowment plans give topline, and other products contribute to the bottomline. Three protection policies need to be sold to match the premium that a single endowment product brings.

Source: Vibha Padalkar, CEO, HDFCLife (ET, 18/09/20)