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Through a descriptive research design employing surveys and data analysis, the study reveals varying levels of insurance literacy among 130 respondents, with a prevalent basic understanding and moderate proficiency in certain aspects.Findings indicate higher confidence in discussing and comparing insurance policies, with age emerging as a significant factor influencing specific areas of insurance knowledge.Gender and employment status, however, show no significant impact, while education level correlates with understanding of certain concepts.The research underscores the importance of tailored educational efforts to improve insurance literacy across diverse demographics, ultimately empowering individuals to make informed decisions regarding their insurance needs and contributing to overall financial resilience.
Patil et al. (Thu,) studied this question.
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