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61.4% of expatriates have no life or income protection insurance

Expatriates are far more likely to insure their health than make financial provision for either their untimely death

May 11, 2012 2:13 IST | India Infoline News Service

According to the William Russell customer survey, majority of expatriates are taking the risk of not having any life or income protection insurance in place.

The survey found that 61.4% had no life or income protection insurance and only 32.9% have life and/or income protection insurance. Expatriates are far more likely to insure their health than make financial provision for either their untimely death, or the risk of them being unable to work due to an illness or injury.

The survey was completed by 650 expatriate policyholders from around the world. International Life insurance protection is available to expatriates, and can prove invaluable to families struggling to cope with sorrow. Also, with advances in medicine meaning that more people are living for longer with a serious illness or injury, the need for income protection insurance is now just as important as the need for life insurance cover.

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