Are Indians Under-Insured? Sumit Rai on Life Insurance Reality

Ep – 69

18 Dec 2025

Vivek Law, speaks with Sumit Rai, MD & CEO of Edelweiss Life Insurance, to decode the role of life insurance in building financial clarity and long-term security.

In this edition of Simple Hai!, our editor-in-chief, Vivek Law, speaks with Sumit Rai, MD & CEO of Edelweiss Life Insurance, to decode the role of life insurance in building financial clarity and long-term security.

With nearly three decades of experience across insurance and banking, Rai explains why Term Insurance and Health Insurance should be prioritised before any other investments, and why buying cover early helps lock in lower premiums and stronger protection. He also reflects on his unconventional journey from Liberal Arts to finance, challenging the belief that only technical backgrounds lead to leadership roles.

The conversation explores how COVID-19 reshaped awareness around mortality and income security, the issue of under-insurance in India, and the growing financial pressure on the sandwich generation. Rai highlights the importance of understanding human life value, patience in long-term planning, and building protection that truly supports families.

Watch now.

SimpleHai #LifeInsurance #TermInsurance #HealthInsurance #FinancialPlanning #IndianInvestors #PersonalFinance #InsuranceAwareness #FinancePodcast


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