The Life Insurance Corporation of India (LIC) was relatively immune to the impact of economic slowdown,but those in the private sector did see a downturn in business during the first half of the year 2009-10. Chief marketing officer of Aegon Religare Yateesh Srivastva said this at the launch of Aegons first traditional insurance plan in Punjab,Haryana,Himachal and Chandigarh. The economic recovery during the second half of this fiscal is likely to see the entire insurance sector finish at a growth of 15 to 20 per cent, he added. Punjab,Haryana,Himachal,Jammu-Kashmir and Chandigarh are high-growth markets for insurance companies, he said.
