Insights into Indian parents’ plans to secure child’s dreams

The ongoing pandemic has made people rethink their priorities. Against this backdrop, Ageas Federal Life Insurance partnered with YouGov India to conduct a survey to understand the impact of Covid-19 on the financial preparedness of Indian parents in planning for their children’s education, career and other life goals. Life insurance plans, including endowment, moneyback and Ulip, have emerged as one of the top avenues for parents to plan for the long-term goals of their children. Household savings have come down for majority of people, while parents deal with liabilities