Thursday, November 30, 2023
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home Personal Finance

Two of three individuals intend to invest in ULIPs in coming year, says survey

MtR by MtR
June 23, 2021
in Personal Finance
0
Two of three individuals intend to invest in ULIPs in coming year, says survey


NEW DELHI: Two out of every three Indians intend to invest in a unit-linked insurance plan (ULIPs) in the coming year, as per a survey conducted by Bajaj Allianz Life Insurance Co, with about 92% feeling that their affinity for these products rose post the first wave of the covid-19 pandemic as things returned to normal.

The study, conducted among 499 individuals in the age group of 21-50 years, was done in association with NielsenIQ. The key objective of the study was to explore customer perspectives on life goals and investments in life insurance and understand customers’ affinity towards ULIPs.

In terms of top five goals in life, financial security for family was the most important for those surveyed at 41%, while retirement planning and investing was second at 39%.

Life insurance was the most preferred product to plan for long-term goals such as retirement and children’s education, as two in every three Indians said that they invest or intend to invest in these products to achieve long-term life goals.

For investment portfolio distribution, of the 499 surveyed, 23% of the allocation was in bank deposits such as savings, fixed deposits, and recurring deposits; followed by 18% allocation in life insurance investment plans; 13% in health, general, and accident insurance plans; and 11% in equities or mutual funds.

When it came to reasons behind investing in market-linked products, good returns got the highest vote share, followed by income tax benefits and fund performance. Notably, insurance coverage on death was the least preferred option for selecting market-linked products.

Specifically, the top three triggers for investing in ULIPs included a range of fund options, expert advice by the company, and flexibility of partial withdrawals.

According to agents surveyed by the insurance company, flexibility and control are the two key areas that act as major barriers to invest in ULIPs.

Subscribe to Mint Newsletters

* Enter a valid email

* Thank you for subscribing to our newsletter.

Never miss a story! Stay connected and informed with Mint.
Download
our App Now!!



Source link

Related articles

Apple seeks to end its credit card partnership with Goldman Sachs

Apple seeks to end its credit card partnership with Goldman Sachs

November 29, 2023
Chase Freedom Flex 2023 Bonus Categories

Chase Freedom Flex 2023 Bonus Categories

November 29, 2023

Related Posts

Apple seeks to end its credit card partnership with Goldman Sachs

Apple seeks to end its credit card partnership with Goldman Sachs

by MtR
November 29, 2023
0

Apple has given Goldman Sachs a proposal to end their consumer banking partnership within the next 12-15 months. If the...

Chase Freedom Flex 2023 Bonus Categories

Chase Freedom Flex 2023 Bonus Categories

by MtR
November 29, 2023
0

The Chase Freedom Flex℠* credit card is easily one of the best cash-back credit cards available today. Not only does...

Questions to Ask Before Taking Out a Car Loan From a Financial Planner

Questions to Ask Before Taking Out a Car Loan From a Financial Planner

by MtR
November 29, 2023
0

Our experts choose the best products and services to help make smart decisions with your money (here's how). In some...

Navigating international education financing: The role of Section 80E in elevating student loan savings

Navigating international education financing: The role of Section 80E in elevating student loan savings

by MtR
November 29, 2023
0

Navigating the world of international education can be a daunting task, especially when it comes to financing. With the increasing...

Consumers warned after scammers claim EBS has teamed up with NatWest to offer 6.6pc on savings

Consumers warned after scammers claim EBS has teamed up with NatWest to offer 6.6pc on savings

by MtR
November 29, 2023
0

The fraudsters are using the names and job titles of genuine EBS staff to entice individuals to part with their...

Load More
  • Trending
  • Comments
  • Latest
Bank of England tells ministers to intervene on digital currency ‘programming’

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021
Tips for checking smoke alarms during daylight saving time

Tips for checking smoke alarms during daylight saving time

March 12, 2022
GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021
What will Durham County education bonds pay for? A full list

What will Durham County education bonds pay for? A full list

July 8, 2022
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0
Procaps Group and Genomma Lab Announce a Strategic Agreement to Manufacture and Market Softgel Products in Latin America

Procaps Group and Genomma Lab Announce a Strategic Agreement to Manufacture and Market Softgel Products in Latin America

November 30, 2023
Treasury relaxes listing conditions to end IPO drought at NSE

Treasury relaxes listing conditions to end IPO drought at NSE

November 30, 2023
Women distributors rake in the moolah as investors across Bharat say Mutual Funds Sahi Hai

Women distributors rake in the moolah as investors across Bharat say Mutual Funds Sahi Hai

November 30, 2023
A new era of investment

A new era of investment

November 30, 2023

Recent News

Procaps Group and Genomma Lab Announce a Strategic Agreement to Manufacture and Market Softgel Products in Latin America

Procaps Group and Genomma Lab Announce a Strategic Agreement to Manufacture and Market Softgel Products in Latin America

November 30, 2023
Treasury relaxes listing conditions to end IPO drought at NSE

Treasury relaxes listing conditions to end IPO drought at NSE

November 30, 2023
Women distributors rake in the moolah as investors across Bharat say Mutual Funds Sahi Hai

Women distributors rake in the moolah as investors across Bharat say Mutual Funds Sahi Hai

November 30, 2023

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter