Question : The survey ‘Anxious about finances’ was conducted by global market research company—
(a) Mackenzie
(b) Nielsen
(c)Kantar
(d) None of the above
Answer : (d)
Related facts
Context
- The survey ‘Anxious about finances’ was conducted by global market research company Ipsos in the last week of May 2020.
Location& findings
- One in every five consumers surveyed in Mumbai and Bengaluru is feeling anxious and barely coping when it comes to finances as a result of COVID-19.
- The findings are based on a survey of 1,000 consumers in Mumbai and Bangalore by the Swiss Re Group, a global reinsurer.
- Nearly 64 per cent of consumers surveyed are concerned about their mental health.
- The survey showed that to make up for the financial strain, many Indian consumers were happy to sacrifice home / motor insurance (28 per cent) while a quarter would cut life insurance premiums (25 per cent) to help ease the burden.
- When it came to health issues brought on by COVID-19, social disruption was the biggest concern (71 per cent), followed by physical fitness (67 per cent) and the inability to care for others (66 per cent).
- While it was last on the list, mental health issues resulting from isolation and loneliness were the highest of any other market – for 64 per cent of Indian respondents, it showed.
By — Pankaj Pandey