Only 34% Indians have term plan: Here’s why less people are opting for pure term plan, per Axis Max Life Insurance Survey

A recent survey by Axis Max Life Insurance reveals urban Indians' saving and investment priorities, with 74% aware of term plans but only 34% owning them. Online purchases are driven by lower premiums and ease of access. Working women have expressed greater financial anxieties regarding basic needs, retirement, and family security compared to men.