Study: men in Russia save 27% more for children than women.
Almost 37% of the existing life insurance (CLI) contracts in Russia are intended for programs for the benefit of children. Parents save for education, housing and start-up capital before they reach adulthood, research shows.
The average age of a child when taking out a policy is 8 years, the accumulation period is 8-9 years.
Women enter into 81% of these contracts, but the average amount of savings among men is higher: 359 thousand rubles compared to 282 thousand.