New Delhi, June 30 -- India's Gen Z is more inclined toward investment tools like SIPs (Systematic Investment Plans) and stocks, while a higher percentage of Millennials prefer protection tools like health and term insurance, highlighted a survey by Insurance aggregator Policybazaar.

The report also noted that Gen Z still lagging awareness and understanding of insurance products.

According to the findings, 19 per cent of Gen Z reported investing in SIPs, compared to 14 per cent of Millennials. Stocks were also more popular among the younger group, with 15 per cent investing in stocks, as against 13 per cent of Millennials.

However, when it comes to protection tools like insurance, Gen Z seems less involved. Only 19 per cent of Gen Z co...