Due to the uncertainty in the capital markets, most Insurance companies are now coming up with different variants of both traditional policies and Unit Linked Insurance Plans (ULIPs). This is helping them in increasing their sales numbers-as Indian investors are looking for some safe bets(many have burnt their fingers in stock market.)

Generally the first six months of the financial year is seen as a dull period as far as Insurance sales is concerned .Sales pick up in second part of the year where people buy insurance to save tax.But this year in first two months of the year the numbers are up by 6% than last year same time as per Irda figures released on premium collections.

So, can we say the trend is changing in the way the Indian consumer is investing ?
I think, its too early to say anything on that front. But one thing is sure, this year Insurance sales are going to be much higher. With fresh premium collections of over Rs 6000 Crs its all looking good in this segment.