News Life and Health13 Sep 2023

India:Almost half of policyholders fail to renew life insurance plans in last 5 years

| 13 Sep 2023

Nearly half (47%) of insured individuals in India say that they did not renew their insurance policies in the last five years as they had invested in other financial assets or savings as a means to ensure financial security without giving due consideration to the expenses in case of financial and medical emergencies, according to the findings of a study by SBI Life Insurance, conducted in collaboration with professional services firm Deloitte.

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