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Below the Quote on National Insurance Awareness Day 2023 by Mr. Roopam Asthana, CEO & Whole Time Director - Liberty General Insurance. 

 “As we commemorate National Insurance Awareness Day, we reflect on the vital role insurance plays in providing peace of mind and financial security to individuals, families, and businesses. Today, we celebrate our progress while recognizing the immense potential that lies ahead. India's insurance industry is on a trajectory of remarkable growth, poised to become the sixth-largest insurance market globally within the next decade. However, we must acknowledge that there is still much work to be done. The current insurance penetration in India stands at around 3.2%, indicating the untapped market potential that awaits us. To realize our vision, we must align our efforts with the Insurance Regulatory and Development Authority of India (IRDAI), which envisions a transformed insurance landscape by 2047.To achieve this vision, it is crucial that we extend our focus beyond urban areas and prioritize the underserved regions and communities of our country. By expanding our reach to these areas and people, we can bring the benefits of insurance to every doorstep, ensuring inclusive financial protection for all.”;

“ On this National Insurance Awareness Day, let us reaffirm our commitment to raising insurance awareness, improving penetration, and strengthening our industry. Together, we can build a future where insurance becomes an integral part of every individual's life, empowering them to face uncertainties with confidence and resilience, Mr. Asthana added.

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