India is not under-buying life insurance, it is simply over-buying the wrong kind. We have turned a protection product into a savings habit.
Indian consumers are mistakenly prioritizing life insurance as a savings vehicle rather than a protection product. This trend leads to underinsurance, even with soaring premiums, as the policies purchased fail to offer adequate coverage. The focus on wrong products diminishes…
Market Samachar is a news aggregator. This article was originally published by NDTV Profit - Latest. Tap the button above to read the full story on their site.