Life insurance sector or the non-lending financials have done very well this year but not many people understand the sector.
CNBC-TV18 spoke to Tej Shah, fund manager at Marcellus Investment Managers, and Hitesh Gulati, director of equity research at Haitong Securities, to understand the sector.
Shah said that, "Over the past 3 years a lot of flows have moved from physical assets to financial assets."
He expects about $100 billion of household savings to move towards life insurance, general insurance, bank deposits, asset managers etc, over the next 10 years.
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