'Haven't seen huge surge in claims': Max Life Insurance MD-CEO on Covid impact

Prashant Tripathy, Managing Director and Chief Executive Officer of Max Life Insurance Co Ltd commented on the impact of the Covid-19 pandemic on the sector. Speaking at the latest edition of Mint's Pivot or Perish webinar series, he said that there wasn't a huge surge in insurance claims amid the ongoing pandemic, although it is higher than the initial months. He also shared his analysis of how insurance products might undergo a transformation due to the pandemic. Tripathy said that Max Life was experiencing a sharp rise in sale of protection policies as a share of the total. Watch the full video for more.