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Gen Z Indians invest actively but largely skip personal insurance coverage

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A recent report highlights a sharp contrast in financial behaviour among India's Gen Z, who are active investors through SIPs and mutual funds but remain significantly underinsured. Many young Indians continue to depend on their parents' insurance policies rather than securing their own coverage. Despite having easy digital access to financial information, a notable gap persists between researching insurance and actually purchasing it. Experts suggest the barrier is not a lack of knowledge but rather a lack of urgency and low confidence in making insurance decisions. The report warns that nearly two-thirds of young investors could face financial instability in the event of a health emergency.

Read the full story at Times of India

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Gen Z Indians invest actively but largely skip personal insurance coverage · ShortSingh