India, May 28 -- The insurance sector may witness some moderation if the Middle East crisis persists for a longer period, as it could reduce people's income levels, LIC CEO and MD R Doraiswamy said.

"We are all going through a very tough time, as already communicated by our Prime Minister. The country has been showing a good amount of resilience and so far has protected the end consumer from the complete impact of the West Asia crisis," he told PTI in an interview. But in case the crisis continues for a longer time, he said, "It will certainly have a cascading impact on individuals, affecting both their spending and saving patterns. We hope the crisis is resolved at the earliest so that the situation returns to normalcy as quickly as pos...