Youth turn smarter on financial planning amid Covid, but gaps remain: Study

They need hand-holding on life and health insurance, and should not lean on social media influencers, who are often neither qualified nor regulated, say experts

Indian millennials in the age group of 22-35 years seem to have realised the importance of maintaining a healthy savings regime even as the external scenario remains uncertain and ever-changing, as per a recent survey conducted by Tata AIA Life Insurance of 1,000 respondents. 

The study, called 'Financial Planning Preferences of Young Indians', reveals financial trends among Indian millennials and offers insights on savings, decision making, life and health insurance trends. Venky Iyer, executive vice president and chief distribution officer, Tata AIA, says, "The survey clearly indicates the need for insurers to work hand-in-hand with younger consumers to help them