After the corona epidemic, insurance policy became the first choice of parents for savings and investment

Insurance Policy: After the outbreak of Corona pandemic in the country, Insurance Schemes have emerged as the best option for the investors in terms of savings and investment. Because in this, investors also get insurance cover along with better returns. Recently a survey has been done, according to which insurance products are reliable financial medium with low risk to meet future goals.

Saving is the first priority for children’s education

According to the ‘Future Fearless Survey’ conducted by Ageas Federal Life Insurance and YouGov India, saving for education has become one of the top priorities as compared to other life goals. This survey has been done with the aim of understanding the impact of the pandemic on the financial preparedness of Indian parents in planning the education of children.

The goal is to provide better education

This survey has been done through online medium in 11 cities of the country. The survey took the opinion of 1,333 such parents whose children are below the age of 10 years. The survey found that in view of the rising cost of education, parents are giving first priority to saving for education rather than other goals like marriage. Parents aspires to provide the best education to their children and keeping this in mind, they are also setting their financial goals.

Investment in insurance plan is the first choice

Two-thirds of the parents surveyed have opted for insurance policies such as Unit Linked Insurance Plans (ULIPs), Money Back Plans and Endowment Plans to meet the educational goals of their children. policies). Most of the parents surveyed said that they would like to save for their child’s college or higher education. At the same time, 40 percent of parents say that saving for their children’s school education is their priority. So most of the parents have already started investing for their child’s education.

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