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General insurers launch ₹120-cr campaign to raise insurance awareness

With penetration slipping to 3.7% in FY24, general insurers roll out "Acha Kiya Insurance Liya" campaign modelled on mutual fund success to drive awareness

insurers, insurance
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The push behind this was the fact that almost 25 years after the sector was liberalised, insurance penetration has not happened much.

Aathira Varier Mumbai

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Taking a leaf out of the mutual fund (MF) playbook — famous for the tagline "Mutual Fund Sahi Hai”, which successfully encouraged the common public to invest in MFs — the non-life insurance industry has launched the campaign "Acha Kiya Insurance Liya" to boost insurance penetration in the country, which remains abysmally low.
 
The industry has committed ₹120 crore for the first year and is expected to allocate additional funds to ensure the campaign’s success. The campaign highlights the importance of general insurance and how it preserves hard-earned savings during emergencies, accidents, and unforeseen circumstances.
 
However, this campaign does not