The National Insurance Academy has reported that 95% of the country’s 144 crore population still does not have life insurance. Only 5% of the population has life insurance.
The whole world including India saw the Corona period. Many people lost their lives during this period. Many families were ruined. But even after this, people in India did not learn to give importance to life insurance.
We are not telling you this, rather this has been revealed in the report of the National Insurance Academy. It has been told in this report that 95% of the country’s 144 crore population still does not have life insurance. Only 5% of the population has life insurance.
84% of low and middle income people who do not take insurance
This report of the National Insurance Academy was released by Insurance Regulatory and Development Authority of India (IRDAI) Chairman Debashish Panda and appealed to the insurance companies to make better efforts.
It has been told in this report that out of these 95 percent population, 84 percent population belongs to low and middle income group. These figures show that even after witnessing the Corona epidemic, people are still not considering life insurance as necessary.
73 percent of the population does not have health insurance
In simple words, due to lack of life insurance, the life and property of 95 out of 100 people is in constant danger. Not only this, another big revelation in this report is that 73 percent of the country’s population does not have health insurance.
After the report came out, IRDAI asked the industry to pay attention to those steps with the help of which UPI, bank accounts and mobile could be spread across the country. IRDAI Chairman Devashish Panda said that there is a need to make natural disaster insurance mandatory in high risk areas.
Why is life insurance important?
Life insurance policy is like a security blanket for the family. It protects the family from financial risk in the event of the policy holder’s demise. Suppose you are the head of the family and all the arrangements at home depend on your income. In such a situation, if something happens to you suddenly, your family members will have financial security after your departure. By taking insurance coverage, the dependent of the policy holder will get compensation from the insurance company, through which he can easily pass the time ahead.
