Max New York-NCAER Survey

<b>'96% not sure of survival on savings'</b><br><br> 96% of Indian households feel that they cannot survive for more than one year on their current savings in case of loss of major source of household income.<br><br> 54% households are confident about their current and future financial stability, while 78% of Indian households are aware of life insurance, however only one fourth of households own a life insurance policy.<br><br> These are some of the key findings of Max New York Life- National Council of Applied Economic Research (NCAER)-India Financial Protection Survey.