Leading reasons for considering life insurance among millennials Singapore 2021

Published by Statista Research Department, Jun 27, 2022
According to a July 2021 survey among millennials in Singapore, the main factor that would make them consider purchasing or increasing their life insurance would be entering a new stage in life. The second most important factor is having someone depend on them financially, for 55 percent of respondents.

Leading reasons for considering life insurance among millennials in Singapore as of July 2021

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Release date

November 2021

Region

Singapore

Survey time period

July 2021

Number of respondents

815 respondents

Age group

25-40 years

Special properties

respondents were millennials

Supplementary notes

Original question: What would influence millennials to consider purchasing or increasing their life insurance coverage?

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