While insurers witnessed a fall in premium during the COVID-19 led lockdown the demand for term plans and guaranteed savings policies rose as worried Indians looked to cover the risk.
Hospitality to be last to recover, Lights off for now!
The hospitality sector is among the most impacted sectors across the globe as Covid 19 cases continue to hit new highs across the globe. The sector is also expected to be the last to recover due to the highly discretionary nature of the business. Within the hospitality sector, the impact of covid-19 is even worse on the luxury segment.