Life Insurance in India: 93% Were Policy Taken For Investment Purpose..!


In a study on the level of life insurance and the reasons behind why people buy life insurance, by Tata AIA Life Insurance Co. Ltd and Citibank, a total of  about 360 salaried individuals across 6 cities—Delhi, Mumbai, Chennai, Bengaluru, Ahmedabad and Kolkata—were surveyed.

The number of affluent participants was 240. Profile of salaried individuals was minimum personal income of Rs.10 lakh per annum, while an affluent participant had banking relationship worth at least Rs.60 lakh.


About 93% were sole investment decision makers, only 7% did so jointly with others.
In terms of age group, 35% respondents were in the 24-30 years band, a majority of 62% in 31-45 years band and a small 3% in 46-55 years group.

Src: Mint, Tata AIA Life Insurance Co. Ltd and Citibank Report


Share:

No comments:

Post a Comment

Popular Posts

Blog Archive

Recent Posts

Featured Post

Coverton Insurance Broking - a one-stop solution for businesses and individuals seeking expert risk management

Coverton Insurance Broking Launches Comprehensive Insurance Broking Services to Simplify and Enhance Risk Management for Businesses and In...