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Why are young people between 24 and 34, who have their own income, are not…
Why are young people between 24 and 34, who have their own income, are not interested in purchasing insurance products at this moment of life, but do see it as something in the future?
Sense of risk
Young people are more likely to think about adrenaline than about the risk of any event or activity that they eventually do.
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Before engaging in a high-risk activity, what do 24-34-year old think about?
Because young people have not experienced negative or risky aspects or situations, there is less aversion to risk.
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Responsibilities
Young people have fewer or no responsibilities and obligations because they are just beginning their working lives and therefore tend not to be interested in acquiring any insurance.
What is the relationship between the responsibilities and obligations of insurance for 24-34-year old?
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Life experience
The experiences young people have had do not lead them to have life insurance because they have lived a life protected from risk.
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Prices
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The cost-benefit (opportunity cost) of insurance for young people is low compared to using their income in other activities, services or products offered in the market.
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