PSU Bank Strike May Hit Insurers' September Sales

Business Standard · business

A three-day strike by public sector bank employees from September 28 to 30 is projected to reduce life insurers' September sales by 10-15% through the bancassurance channel. This period is crucial as it marks the month-end and quarter-end, typically seeing higher business volumes. While some sales might shift to October, the overall business for the first half of the financial year through PSU banks could be impacted.