Life insurance companies: Life insurers on a strong footing as demand for savings products soars

The stocks of life insurance companies have gained 11-17 per cent over the past three months. They have underperformed the 20 per cent returns clocked by the benchmark Sensex following concerns over the possible surge in the insurance claims due to the pandemic. Though the stocks in the near term may reflect rising volatility in the broader market, their long term trend looks positive given the rising demand for protection and savings