Do you know what is the most preferred financial product to protect the family after the COVID 19 pandemic? An investigation found that insurance was the most preferred financial product to protect the family after COVID. The survey also found that most consumers would like to purchase life insurance within the next six months as part of their investment plans.
According to a consumer confidence survey on the impact of COVID-19 commissioned by research agency Nielsen, life insurance has proven to be the most preferred financial tool, motivated by the need to financially secure l future of the family and the worry surrounding medical emergencies.
Insurance has become the most preferred financial product to protect family against health emergencies following the COVID-19 pandemic with more people inclined to invest in insurance products in the next six months, from Tata AIA Life Insurance.
The survey of 1,369 respondents in nine centers found that during the pandemic, 51% of respondents invested in life insurance, while 48% invested in health insurance solutions, which is higher than other classes of financial assets.
More more than half of those polled said their perspective on life insurance has changed positively due to the pandemic and 49 percent want to invest in purchasing life coverage in the next six months and 40 percent intend to invest in health insurance.
The survey indicates that 30% of people invested in life insurance for the first time during the pandemic, while 26 …
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