According to a survey conducted in 2023 in India, 85 percent of the respondents considered buying life insurance after coming across promotions and commercials. 66 percent of the respondents considered buying it due to fear and 54 percent due to financial prudence.
Reasons for considering purchase of life insurance in India as of March 2023
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Policybazaar. (July 5, 2023). Reasons for considering purchase of life insurance in India as of March 2023 [Graph]. In Statista. Retrieved November 02, 2024, from https://www.statista.com/statistics/1421731/india-reasons-for-considering-purchase-of-life-insurance/
Policybazaar. "Reasons for considering purchase of life insurance in India as of March 2023." Chart. July 5, 2023. Statista. Accessed November 02, 2024. https://www.statista.com/statistics/1421731/india-reasons-for-considering-purchase-of-life-insurance/
Policybazaar. (2023). Reasons for considering purchase of life insurance in India as of March 2023. Statista. Statista Inc.. Accessed: November 02, 2024. https://www.statista.com/statistics/1421731/india-reasons-for-considering-purchase-of-life-insurance/
Policybazaar. "Reasons for Considering Purchase of Life Insurance in India as of March 2023." Statista, Statista Inc., 5 Jul 2023, https://www.statista.com/statistics/1421731/india-reasons-for-considering-purchase-of-life-insurance/
Policybazaar, Reasons for considering purchase of life insurance in India as of March 2023 Statista, https://www.statista.com/statistics/1421731/india-reasons-for-considering-purchase-of-life-insurance/ (last visited November 02, 2024)
Reasons for considering purchase of life insurance in India as of March 2023 [Graph], Policybazaar, July 5, 2023. [Online]. Available: https://www.statista.com/statistics/1421731/india-reasons-for-considering-purchase-of-life-insurance/