- Only 17% of fathers worry about their health; the majority are concerned with children’s future, financial security and family well-being.
- Over 60% say job is taking away a large pie of family time.
- About 73% of respondents in Delhi work 6 days a week, while 64% work 7-8 hours on average.
New Delhi, 08 August 2019: To ensure the financial security and future of their families, fathers are known to most often sacrifice their own well-being. A study conducted by Future Generali India Life Insurance Company Limited and Market Xcel – Market Agency Research in India has found that young fathers in the Delhi-NCR region worry about their health, but it is their child’s future that concerns them the most.
According to the study, only 17% of fathers in the nation’s capital are worried about their health, while 38 % feared for their children’s future. This is followed by financial security (16%) and loss of family (14%).
The study also revealed that the job was interfering in family life at frequent intervals and was a cause of stress. About 58% of respondents in the city said their work is taking away a large pie of family time.
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Work-related stress a major cause of concern, and 73% of respondents in Delhi-NCR were found to be working 6 days a week. Further, 64% of the respondents were found to be working 7-8 hours on average, which is more than the national average.
With changing lifestyles, fathers are aware of the importance of good health but feel they are not able to do enough about it. Consequently, they feel fatigued and tired regularly. Vacation for 51% and outing with family or friends for 57% of respondents are the most preferred solution to overcome work-related stress.
Significantly, only 35% of respondents in Delhi-NCR owned health insurance, which is the lowest among the other metro cities in the country.
The study found that across the country only 19 out of 100 fathers surveyed place their health as the topmost priority. At the same time, 49 out of 100 fathers are under work stress most of the times which is taking a toll on their health.
Rakesh Wadhwa, Chief Marketing Officer, Future Generali India Life Insurance Company commented “Through this study, we wanted to understand life’s priorities of Indian fathers and their health habits. While health is one of the most talked about subjects in families, our fast-paced lifestyle is increasingly taking away personal time from us. Young fathers who neglect their health are far more prone to lifestyle diseases and work-related stress than ever before. As the study indicated, fathers often end up sacrificing their own health goals while providing the best for their children. We believe that health is your true wealth and therefore, it should be prioritised over any other financial goal you may wish to achieve in life.”
A sample size of 1319 respondents with an average age of 35 years was surveyed across seven cities – Mumbai, Pune, Ahmedabad, Jaipur, Lucknow, Kolkata, and Delhi NCR, in India. A majority of the people surveyed had a graduate degree and had a household income with more than 5 lakh rupees.
Generali is an independent, Italian Group, with a strong international presence. Established in 1831, it is among the world’s leading insurers and it is present in over 60 countries with total premium income exceeding €70 billion in 2016. With over 74,000 employees in the world, and 55 million clients, the Group has a leading position in Western Europe and an increasingly significant presence in the markets of Central and Eastern Europe and in Asia. In 2017 Generali Group was included among the most sustainable companies in the world by the Corporate Knights ranking.
Future Group operates some of India’s most popular retail chains including Central, Big Bazaar, Food Bazaar, Home Town and eZone. Apart from its allied businesses in Life and General insurance, the Group is also present in the domain of logistics infrastructure and supply chain and brand development. The group operates over 17 million square feet of retail space in over 90 cities and towns and 60 rural locations across India. The group’s retail formats connect over 300 million customers to over 30,000 small, medium and large enterprises that supply products and services to its retail chains. Future Group believes in developing strong insights on Indian consumers and building businesses based on Indian ideas, as espoused in the group’s core value of ‘Indianness.’ The group’s corporate credo is, ‘Rewrite rules, Retain values’.