07/02/2024
This study shows that india is leading with the highest Life insurance protection gap in Asia even after the opening of the insurance market to the private players 23 years back. But the good news is that awareness about protecting the income through a term plan, the need of increasing savings ration to expenditure through moderate to high risk investment like equity linked plan and making provisions for old age through guaranteed annuity plans, and provision for education and health are becoming focus area to indian middle class also.
