Mumbai, Feb 13: Around 44 per cent of Indians would consider investing in child education if they get a spurt in income, a report said.
"As high as 44 per cent of Indian consumers will invest in education for their family if they have a windfall in income compared to a mere 17 per cent across the world," a survey conducted by Aviva Life Insurance said.
Aviva India conducted the survey across 25 countries on Consumer Attitude to Savings (CAS).
The survey further revealed that Indians understand the importance of saving regularly and 45 per cent of Indians save regularly every month compared to the global average of 35 per cent.
The important saving motivations for Indians are family and health care, the survey said.
"Saving motivations for 32 per cent Indians is education for their children or grandchildren as against the global average of 17 per cent," the survey said.
Other concerns for them are family security (51 per cent), health care (36 per cent) and starting a family (18 per cent), it said.
The survey also said that only one-third of Indians are covered by any form of insurance.
Bureau Report
First Published: Saturday, February 14, 2009, 00:00