Anupama 1st March 2021 Written Episode, Written Update on

Insurance has become the most preferred financial product for families to relieve health related emergencies after the Kovid-19 epidemic. According to a survey by Tata AIA Life Insurance, more number of people are now preparing to invest in insurance products in the next six months. This consumer confidence survey was conducted by research agency Nielsen. Through this, an attempt has been made to know what effect of Kovid-19 has on the confidence of consumers. Life insurance has emerged as the most preferred financial product in the survey. This not only provides financial security to the families, but also removes their concern about emergency medical expenses.

According to the survey, most consumers are planning to buy life insurance products during the next six months as part of their investment plan. The survey was conducted at 1,369 people in nine centers. The survey has revealed the fact that 51 percent of the people invested in insurance during the epidemic. At the same time, 48 percent people invested in health-related insurance solutions. This is much higher than other financial asset classes.

50 percent of the people surveyed said that there was a positive change in their views about life insurance during the epidemic. 49 percent said they would like to invest in life insurance cover during the next six months. At the same time, 40 percent expressed their intention to invest in health insurance. The survey also revealed the fact that 30 percent of the people invested in life insurance for the first time during the epidemic. At the same time, 26 percent people invested in health related insurance solutions for the first time. Financial security is a major priority for people regarding medical emergencies and medical expenses. 62 percent mentioned it in the survey. At the same time, 84 percent said that they are concerned about the safety of themselves and family due to Corona virus. 61 percent said that they are worried about their family and their biggest worry at this time is economic slowdown.


Please enter your comment!
Please enter your name here