Life Insurance over Financial Assets

MILLENNIALS PREFER LIFE INSURANCE OVER OTHER FINANCIAL ASSETS: STUDY A majority of millennials look at life insurance as a preferred financial instrument to invest in, to meet their financial goals, says a survey. The findings are based on a survey by Assocham and IndiaFirst Life Insurance conducted to study savings and investment patterns of about 1,000 individuals in the age group of 18-35 years across Maharashtra. "Higher cover at lower premium rates, simplified buying process aided with quick customer service and easy documentation makes life insurance a preferred financial asset," showed the the survey titled, Household savings and simplification of insurance. Nearly, two-third (70 per cent) of millennials preferred life insurance as preferred instruments, closely followed by mutual funds (69 per cent) and fixed/recurring deposits (64 per cent). It said the respondents are quite cognisant about insurance as a financial instrument and are aware about the distinct types of insurance products with 35 percent respondents preferring to invest in a term plan. http://starhealthdevarajan.com/news/613 for Insurance related Services Call 98401 77017 Devarajan