New Delhi, Oct 26 (UNI) India's high-net-worth individuals (HNIs) are opting for larger life insuran

New Delhi, Oct 26 (UNI) India's high-net-worth individuals (HNIs) are opting for larger life insurance covers, with bookings for HNI term insurance policies doubling since April 2023 and the average sum assured increasing by 30 per cent, according to data released by Policybazaar. The data points to a growing emphasis on financial protection among affluent families, with younger buyers emerging as a key driver of demand. Nearly 50 per cent of HNI term insurance customers are below the age of 35, indicating that younger affluent Indians are increasingly incorporating life insurance into their financial planning at an early stage. The…