29
Mar
A recent survey by Bajaj Allianz Life Insurance, titled 'Underinsurance Survey 2025', has revealed that a staggering 81% of Indians believe a life insurance coverage of less than 10 times their annual income is sufficient for their financial security. However, the actual coverage held by individuals is significantly lower, averaging just 3.1 times their annual income—well below the recommended 10x benchmark. The study, conducted in collaboration with NielsenIQ, surveyed 2,000 individuals across various Indian cities, uncovering a concerning gap in financial preparedness. Despite this shortfall, 82% of respondents remain confident that their current life insurance will be enough to secure…