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  1. Not future-ready

Not future-ready

Mortality protection gap in India has grown 11% every year between 2004 and 2014.

By: | Updated: October 13, 2015 1:13 AM

Mortality protection gap in India has grown 11% every year between 2004 and 2014. It represents the difference between the life insurance cover typically required by a family and the resources they have available should a wage-earner pass away suddenly. A Swiss Re report shows that for every $100 needed for protection, only $7.8 of savings and insurance are in place for a typical Indian household, leaving a huge protection gap of $92.2. High protection gap is worrying and underlines the fragile nature of financial security for many families in the country.

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