MUMBAI, 24 JUNE, 2022 (GPN): The National Insurance Awareness Day is 28^th June 2022 (Tuesday).

“The pandemic has fueled an increased risk perception among customers, bringing cascading effects on the insurance industry. From product innovation to distribution line management, the GI industry has been shifting to a more customer-centric model. As the industry is now more cognizant of customer needs, in the coming years, its focus will be on enabling customers to create their own coverage based on their requirements, developing customised products faster and improving the affordability of insurance products. In this context, IRDAI’s groundbreaking initiatives on Insurtech, “Use and File Products” or “linking insurance frauds to credit scores” when implemented, will be a game-changer and augment greater penetration.” Says Mr. Rakesh Jain, CEO of Reliance General Insurance.