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Equity Inflows Seen For Fifth Straight Month In July, Says Association Of Mutual Funds Data

Equity Inflows Seen For Fifth Straight Month In July, Says Association Of Mutual Funds Data
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Family's financial future top concern for the consumers followed by protection against health emergencies - Tata AIA Life Survey

Mumbai (Maharashtra) [India], April 20 (ANI/BusinessWire India): Driven by the need to secure family s future financially and concern around medical emergencies, Life Insurance has emerged as the most preferred financial tool, reveals Tata AIA Life Insurance s Consumer Confidence Survey on the impact of COVID-19 Pandemic.
The survey also found that most consumers would buy life insurance in the next six months as a part of their investment allocation.
49 per cent of respondents suggested that they intend to buy Life Insurance in the next six months to ensure the financial security, followed by health insurance at 40 per cent, Mutual Fund SIPs at 37 per cent, Bank/Company FDs at 33 per cent, Equity shares at 30 per cent and Gold/Digital Gold at 25 per cent of those surveyed. ....

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Family's Financial Future Top Concern for the Consumers Followed by Protection Against Health Emergencies

Tata AIA Life Insurance Company Limited
Family s Financial Future Top Concern for the Consumers Followed by Protection Against Health Emergencies - Tata AIA Life Survey
Monday, April 19, 2021 5:02PM IST (11:32AM GMT)

Life Insurance emerged most preferred financial asset class during the Pandemic
Customers associate life and health insurance solutions as must-have investments and a large percentage would consider buying them in the next six months [from Dec 2020]
Term solutions emerge as the fastest-growing category and come only after Endowment solutions in terms of customer preference

84% of respondents said they are still concerned about themself and family due to COVID-19
66% of respondents who are worried about themselves and family due to COVID-19 said their top concern is the economic slowdown ....

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