Insurance products emerged as the preferred choice of savings and investments for parents after the pandemic, as they consider these as low-risk and reliable financial tools to meet future goals, according to a survey. The Future Fearless survey -- conducted by Ageas Federal Life Insurance and YouGov India to understand the impact of the COVID-19 pandemic on the financial preparedness of Indian parents in planning for their children’s education -- revealed that saving for academics has taken precedence over other life goals.
The survey was based on an online self-administered quantitative method carried out in 11 cities. The responses were collected from 1,333 parents with kids under the age of 10 years.
This story is from the January 2022 edition of Investors India.
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This story is from the January 2022 edition of Investors India.
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