Here are more findings from the Max Life IPQ 6 survey.
India’s Protection
Quotient rises to 45
Medical expenses major concern
Kids’ goals top reason for saving
Cover size nearly as important a factor as premium for buying term plan
Barriers to buying term plans: 1 in 4 prefer health to life insurance
Working women buying more gold, health insurance
1 in 2 have sufficient life insurance
GenZ least secure financially
Source: Max Life Insurance India Protection Quotient 6 survey, in partnership with Kantar. The survey was conducted among 4,700 urban Indians across 25 cities. IPQ is the degree to which Indians feel protected from future uncertainties.