Millennials buy insurance for family covers
 "Millennials buy insurance for family covers")
Indian millennials (25-35 years) are a high spending group who spend almost 69 per cent of their income every month. According to an ICICI Lombard General Insurance survey, 50% of the income is spent on family and household items followed by EMIs and premiums. But they spend only 5% of their monthly income on health and medical expenses