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There are significant differences across the three countries, with people in Vietnam much more likely to have “Insurance product” compared with people in Indonesia and Thailand. For example, while 47.5% of Thai respondents and 44.0% of Indonesian respondents possess insurance product, this compares with 72.8% of those in Vietnam.
The highest proportion of life insurance ownership seen in Thailand where 90.9% of Thai individuals who own Insurance product purchased “Life Insurance”.
However, less people have a life insurance in Indonesia and Vietnam, with the lowest number of life insurance holder occurring in Indonesia (38.3%).