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Financial Inclusion for Generation Z - HDFC Life
This generation includes kids between 2-12 years of age, teenagers and young adults about 21 years of age. To understand the financial behaviors or trends among these groups, it is important to know how the shift has been for them in comparison to their older siblings. Although similar to millennials in many aspects, persons from Gen Z are expected to invest more on independent and advertised platforms. For them, as for their parents, understanding the upcoming flows in market is very important to understand.
In India, there has largely been little shift, considering that the vast majority of Indians have not yet tapped into the global economic enterprises or perspectives. However, this is rapidly changing as India moves firmly towards a consistent and fast-paced economic growth. With youth as majority of its population, India is moving dynamically ahead towards a total economic inclusion. In the coming future, as Gen Z moves on towards adulthood and employment, it will have to participate in the commercial and fiscal front. Â Therefore, it is very important to safeguard the financial interests and projections of this generation.
 Young professionals should start early so that by the time their planned goals are in sight, they are financially ready for them. Same goes for the Gen Z as well. If too young, then their parents/guardians must invest in child-plans and if in early stages of adulthood, they must understand the importance of saving and future planning. Equally they must understand the importance of safe and guaranteed investments so that they are equipped for the future. Here comes the importance of insurance for safeguarding of monetary interests.
HDFC Life presents numerous such beneficial and comprehensive plans that are aimed at assisting you at any stage of your life. From planning your child’s future, to protection of your retirement capital – from saving and wealth building to specific goal oriented plans that secure your financial resources for you at all times and offer coverage against multiple risks.
Financial Inclusion for Generation Z - Quicker is the New Better
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Francis Rodrigues
Francis Rodrigues has a decade long experience in the insurance sector, and as SVP, E-Commerce and Digital Marketing, HDFC Life, manages the online sales channel, as well as digital and performance marketing. He has had hands-on experience in setting up sales channels and functional teams from scratch over a career spanning 2 decades.
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HDFC Life
Reviewed by Life Insurance Experts
HDFC LIFE IS A TRUSTED LIFE INSURANCE PARTNER
We at HDFC Life are committed to offer innovative products and services that enable individuals live a ‘Life of Pride’. For over two decades we have been providing life insurance solutions - protection, pension, savings, investment, annuity and health.
HDFC Life Insurance Company Limited. CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101.
Registered Office: Lodha Excelus, 13th Floor, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai 400 011. Email: Buyonline@hdfclife.in, Tel No: 1800-266-9777 (10 am to 7 pm). The name/letters “HDFC” in the name/logo of the company belongs to Housing Development Finance Corporation Limited (“HDFC Limited”) and is used by HDFC Life under an agreement entered into with HDFC Limited.
For more details on risk factors, associated terms and conditions and exclusions please read sales brochure carefully before concluding a sale.
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