Tag Archive: term cover

Insurance in India; what it means? – Investment series 2

Insurance

A recent survey conducted by an international agency on India’s financial literacy:

  • 67% of the Indian prone to think insurance as investment

  • ONLY 7% people have taken term insurance, out of all who pays insurance premium

  • ONLY 5% of people have health insurance

  • 92% people after their retirement depend on the children and 8% who plan for retirement, 61% of them resort to insurance as retirement plan

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