Canara HSBC Life Insurance Released Perfect Plan Ka Partner Survey

News Desk, News Nation 360 : Picture someone juggling the responsibilities of everyday life, juggling obligations to their family, work, and never-ending quest for a stable future. However, as many Indians have found out, missed opportunities and put-off decisions frequently impede the path to financial stability. This understanding serves as the foundation for the "Perfect Plan Ka Partner" survey by Canara HSBC Life Insurance, an extensive investigation that looks at Indians' savings and insurance practices as well as their level of future readiness. In partnership with an independent survey agency, Canara HSBC Life Insurance surveyed 800 individuals aged 20 to 50 across eight Tier 1 and Tier 2 cities in India to explore how they prioritize their financial future. The findings reveal that around 70% of Indians prioritize family financial security over immediate desires like buying a home or vacationing, with life insurance policies playing a key role in securing their loved one's future. However, this focus often leads 60% of individuals to overlook other financial goals, focusing solely on family security. Additionally, 64% expressed regret over not starting their term insurance earlier, despite 83% recognizing its importance. Surprisingly, only 11% regularly review their coverage, leaving just 25% confident that their policy will cover unforeseen expenses adequately. Commenting in the survey findings, Rishi Mathur, Chief Distribution Officer - Alternate Channels and Chief Marketing Officer, Canara HSBC Life Insurance stated that these results highlight the importance of regular and early financial planning. At Canara HSBC Life Insurance, we're dedicated to assisting their clients in creating a safe future by offering carefully considered insurance solutions that are tailored to their requirements and goals. They think that everyone can attain their financial goals and ensure a better future for themselves and their loved ones with the appropriate advice and timely actions.