Millennials opting for non-conventional life goals, insurance remains top investment choice: Survey

Millennials in India prefer buying life insurance as the most preferred investment option to meet majority of their life goals, even as unconventional life goals such as health, fitness, travel and life enrichment are gaining traction, a survey on life goals preparedness said Monday.

Indians are considering unconventional life goals, with some of the emerging new-age life goals including entrepreneurship, focus on health & fitness, travel, life enrichment to strengthen or re-establish the connection with 'self', amongst others, said the 'Life Goals Preparedness Survey 2019' commissioned by Bajaj Allianz Life.

When asked what investment option they would choose to fulfil their life goals, life insurance topped the list as the most preferred investment option for 60 per cent of life goals, the survey revealed.

Generally, persons reaching adulthood in early 21st century are classified as millennials.

Retirement related life goals are becoming a priority, especially amongst ...