Insurance products to be preferred savings option for parents: Survey

Insurance products have emerged as the preferred option of savings and investment for parents after the corona pandemic. According to a survey, insurance products are low-risk and reliable financial instruments to meet future needs. FutureFearless Survey conducted by Aegis Federal Life Insurance and YouGov India. shows that the priority is given to saving for education as compared to other life goals. 

The survey has been conducted to understand the impact of the pandemic on the financial preparedness of Indian parents in planning children's education. This survey was done online in 11 cities of the country. In this, the opinion of 1333 such parents has been taken, whose children are less than 10 years of age. Two-thirds of the parents surveyed have invested in life insurance products such as unit-linked insurance plans, money back plans and endowment plans to meet the educational expenses of their children.