Leading reasons for not purchasing life insurance among millennials Singapore 2021

Published by Lucas Romero, Jun 27, 2022
According to a survey conducted in July 2021 in Singapore, the majority of millennials who did not own life insurance indicated that it was because they could not afford the additional expense. In the same survey, 31 percent of the respondents stated that life insurance was too expensive.

Leading reasons for not purchasing life insurance among millennials in Singapore as of July 2021

© Statista 2024
Download
Show detailed source information?
Register for free
Already a member?
Log in
Sources

Use Ask Statista Research Service

Release date

November 2021

Region

Singapore

Survey time period

July 2021

Number of respondents

815 respondents

Age group

25-40 years

Special properties

respondents were millennials

Citation formats
Access all statistics starting from $2,388 USD yearly *

* For commercial use only

Basic Account

For single users
$0 USD
Always free
Access limited to Free Statistics. Premium Statistics are not included.
  • Free Statistics
Based on your interests

Starter Account

For single users
$199 USD
per month, billed annually 1
Buy now
  • Free Statistics
  • Premium Statistics

    • The statistic on this page is a Premium Statistic and is included in this account.

Professional Account

For teams of up to 5 people
$959 USD
per month, billed annually 1
Buy now
  • Free + Premium Statistics
  • Reports
  • Market Insights

1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

Compare accounts

Statistics on " Insurance industry in Singapore "

The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics

Other statistics that may interest you Insurance industry in Singapore

Overview

4

Key indicators

4

Life insurance

5

Non-life insurance

6

Consumer perspective

6

Further Content: You might find this interesting as well

Topics

Insurance industry in SingaporeHealth in SingaporeDemographics of SingaporeCOVID-19 pandemic in SingaporeInsurance industry in Vietnam
Access all statistics starting from $2,388 USD yearly *

* For commercial use only

Basic Account

For single users
$0 USD
Always free
Access limited to Free Statistics. Premium Statistics are not included.
  • Free Statistics
Based on your interests

Starter Account

For single users
$199 USD
per month, billed annually 1
Buy now
  • Free Statistics
  • Premium Statistics

    • The statistic on this page is a Premium Statistic and is included in this account.

Professional Account

For teams of up to 5 people
$959 USD
per month, billed annually 1
Buy now
  • Free + Premium Statistics
  • Reports
  • Market Insights

1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

Compare accounts
Learn more about how Statista can support your business.