A recent survey conducted by an international agency on India's financial literacy...
The findings
were so striking as follows...
*67% of the Indian understands
insurance is the investment...
*93% Indians think gold is an
investment,* in fact this asset class is used for hedging...
Returns should overcome the inflation
means exactly what? *Only 2% Indian
answered it...
*22% of Indian think MF SIP is the
name of a scheme...
*88% of Indians do not know what
is assets allocation...
*63% of the people consider
investment in mutual fund is like buying a insurance policy.* They call we
bought MF policy...
*92% people after their retirement depend on the children
* 8% who plan for retirement 61% of it resort to insurance which gives returns less than
4.5%...
*Only 0.042% people aware about
complete Financial Planning...*
*ONLY 5% of people have health
insurance,* in Japan this percentage is 92% & in other developed countries
this proportion is 79%...
*In India 36% people invest in insurance out of which only 7% people have taken term insurance..
~
by source
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