This study investigates the effect of premium -refunded life insurance on the savings habits and financial security perceptions of individuals in Turkey. This insurance product, which functions as a means of protection and savings, attracts attention with its features such as foreign currency index guarantees, tax advantages and death assurance. According to the results of an online survey carried out with 62 insurance holders throughout Türkiye, the product was found to be preferred by individuals between 25-54 years of age, high/medium-income and university graduates. 67.7 %of the participants reported that savings habits increased, 61.3 %have increased motivation, 82.3 %contributed to financial security and 93.5 %of them are satisfied. US Dollar collateral and tax advantages are among the main reasons for preference, while the limitation of low -income individuals in participation and challenging for some of the premium payments reveal access problems. The findings show that the insurance sector should develop more flexible and inclusive products.