56% women ‘not allowed’ to take financial decisions: Survey

56% women are ‘not allowed’ to take financial decisions and this is despite the fact that they are breadwinners for the family, reveals a TATA AIA survey on women’s financial awareness.

Source: TATA AIA’s survey on Financial Awareness Amongst Women conducted by Erusaem among 1,000 women in the age group of 25-55 years across 18 cities. All figures do not add up to 100% due to multiple responses.

56%: of married women are ‘not allowed’ to take financial decisions despite being breadwinners for the family

59%: working women do not take decisions on their finances independently, and 65% in tier 2 markets don’t call the shots on financial planning.

Women most aware about FDs, health insurance
Are you aware of the following financial products?
95%: Health insurance
96%: Bank FDs
67%: Mutual funds
48%: Shares/ equity markets
41%: Ulips
76%: Savings Plan
71%: Pension plan
80%: Term insurance

(Your legal guide on estate planning, inheritance, will and more.)

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