Bangalore Millennials Report Higher Levels Of Uncertainty Than Other Age Groups

Aditya Birla Sun Life Insurance’s अ-Nishchit Index 2.0

Key Findings:

· Bangalore’s अ‑Nishchit Index stands at 61, lower than India (79) and South Zone (71)

· Top worries: Managing family financial responsibilities, rising cost of living, work–life balance

· Healthcare readiness concerns: Adequacy of insurance coverage, handling medical emergencies

· Uncertainty highest among SEC C (64); lowest among SEC B (59)

· Millennials show highest uncertainty (64) compared to other age groups

India continues to face elevated levels of uncertainty driven by financial pressures, healthcare concerns, work–life imbalance, and broader societal disruptions. With a national Index score of 79, anxieties around financial preparedness, rising healthcare costs, mental well‑being, and long‑term stability remain significant.

Bangalore, however, reports a अ‑Nishchit Index of 61 significantly lower than both national and regional averages indicating relatively higher perceived certainty among residents. Yet a range of controllable and external pressures continue to shape the city’s uncertainty profile. The top concern is managing financial responsibilities for the family, followed by rising costs of goods and services eroding household savings. Worries around work–life balance, adequacy of insurance coverage for serious illnesses, and the ability to handle unexpected medical emergencies also feature prominently.

The findings show that many of Bangalore’s key concerns fall within areas where proactive planning can ease anxiety—such as better financial budgeting, health insurance adequacy, and lifestyle planning. At the same time, uncontrollable risks including personal safety in public spaces and the effect of global economic shifts continue to influence residents’ sense of stability.

City‑level data highlights specific financial behaviour patterns. Uncertainty peaks at an Index of 70 among residents holding three investment instruments, higher than those with one or two. Insurance ownership reveals narrow differences, with index scores ranging between 60 and 64 suggesting that ownership alone may not reduce anxiety without sufficient coverage. Socio‑economic segmentation shows uncertainty highest in SEC C (64), followed by SEC A (61), and lowest in SEC B (59).

Demographically, uncertainty levels remain similar between men and women. Millennials, however, emerge as the most uncertain age group (64), compared to Baby Boomers (58), Gen X (59), and Gen Z (60). Professionally, business owners report marginally higher uncertainty than salaried individuals. Life‑stage differences remain narrow, with slightly higher uncertainty among married residents with children.

Overall, Bangalore’s findings mirror national trends financial responsibilities, lifestyle pressures, and health‑related concerns continue to intersect across life stages. As work, financial commitments, and external risks evolve, planning ahead and securing adequate protection remain essential to strengthening personal confidence and reducing uncertainty.

About Aditya Birla Sun Life Insurance Company Limited:

Aditya Birla Sun Life Insurance Company Limited (“ABSLI”) is a part of Aditya Birla Capital Ltd (“ABCL”). ABSLI was incorporated on August 4th, 2000, and commenced operations on January 17th, 2001. ABSLI is a 51:49 a joint venture between the Aditya Birla Group and Sun Life Financial Inc., an international financial services organization in Canada. ABSLI offers a range of products across the customer’s life cycle, including children future plans, wealth protection plans, retirement and pension solutions, health plans, traditional term plans and Unit Linked Insurance Plans (“ULIPs”). As of September 30, 2025, total AUM of ABSLI stood at 104,492 Cr. ABSLI recorded a gross premium income of Rs.8,941 Cr with Individual Business FYP with Single Premium at 10% of Rs. 1,880 Cr registering a growth of 19.2%. Renewal Premium grew by 18% with gross Individual and Group segment. ABSLI has a nationwide distribution presence through 440+ branches, 12 bancassurance partners, 6 distribution channels, over 65,200+ direct selling agents, other Corporate Agents and Brokers through its website. The company has over 30,000+ employees and 28.64 lakh active customers. IRDAI Reg no. 109.

About Aditya Birla Capital Limited:

Aditya Birla Capital Limited (“ABCL”) is a listed systemically important non-deposit taking Non-Banking Financial Company (NBFC) and the holding company of the financial services businesses. ABCL and its subsidiaries/JVs provides a comprehensive suite of financial solutions across Loans, Investments, Insurance, and Payments to serve the diverse needs of customers across their lifecycles. Powered by over 63,750 employees, the businesses of ABCL have a nationwide reach with over 1,712 branches and more than 200,000 agents/channel partners along with several bank partners. ABCL and its subsidiaries/JVs manage aggregate assets under management of over Rs. 5.50 Lakh Crore with a consolidated lending book of over Rs 1.78 Lakh Crore as of Sep 30, 2025. Aditya Birla Capital Limited is a part of the US$67 billion global conglomerate Aditya Birla Group, which is in the league of Fortune 500. Anchored by an extraordinary force of over 227,500 employees, the Group is built on a strong foundation of stakeholder value creation. With over seven decades of responsible business practices, the Group’s businesses have grown into global powerhouses in a wide range of sectors - from metals to cement, fashion to financial services and textiles to trading. Today, about 42% of the Group revenues flow from overseas operations that span 41 countries across six continents. For more information, visit www.adityabirlacapital.com/