Insurance in India; what it means? – Investment series 2
A recent survey conducted by an international agency on India’s financial literacy:
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67% of the Indian prone to think insurance as investment
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ONLY 7% people have taken term insurance, out of all who pays insurance premium
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ONLY 5% of people have health insurance
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92% people after their retirement depend on the children and 8% who plan for retirement, 61% of them resort to insurance as retirement plan