National Insurance Awareness Day observed on June 28
Highlights:
- National Insurance Awareness Day is observed on June 28, on annual basis.
- The day seeks to make people aware of several benefits of investing in an insurance policy or plan or policy.
- Insurance policies provides financial cover in case of unfortunate happenings like accident or losses in business, injury, among others, if one pays their premium regularly.
- Home, Health, and life insurance are the most sought-after schemes.
- People investing in these can recover losses and protect their loved ones in case of sudden death or illness.
- The insurance sector has grown enough over time and is having a significant impact on India’s economic growth.
- People have become more aware about health policies, since the start of coronavirus pandemic.
- However, a large section still regards insurance policy as an unnecessary payment.
- Thus, the National Insurance Awareness Day is observed to convince people regarding the importance of insuring businesses and lives.
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