Indians lack adequate life, health cover as they save through insurance products

Khyati Dharamsi • December 15, 2023 / 17:44 IST

The underinsurance can be blamed on the inclination of Indians to use insurance for savings and not for protection. The report takes into account underinsurance in six areas — life, annuity, pension, health, property, and cyber insurance.

A NIA report says that there is a 93 percent gap in pension plans in tier-1-6 cities

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