National Insurance Awareness Day:
observed on June 28th every year. The Day is observed to commemorate the effective influence of Life Insurance in recent decades.
Related: Other National Days Celebrated on June 28th:
Why Insurance Awareness Day?
The National Insurance Awareness Day is observed to commemorate the effective influence of Life Insurance in recent decades. Insurance is termed as a general agreement between the Policyholder and the Insurance Company. Insurance is deemed an elixir for almost of all us since our life is full of uncertain moments. Insurance prevents us from financial losses to a considerable extent.
It compensates our Capital Investment. We can insure for Bike, Car, properties, to overcome health related issues, Protection, causality, Life, against a particular disease like cancer, which is common today, Insurance especially for Children’s educational career, and even for our Mobiles. Surprisingly, we can even insure for Funeral expenses termed as Burial Insurance. Therefore, the benefits are infinite. We can secure our family even after our sudden death by means of Insurance. it helps us to recover from the indemnified losses by holding an Insurance Policy.
Social Insurance is common in the United States in which the insurance is covered for all including, Life, Health, Unemployment, retirement Schemes, Social Security. It is mandatory for all the Citizens of the United States to enroll by paying the premiums under Social Insurance and will be provided with the Social Security Number. The process is concocted in such a way to provide everyone what he or she need. The Federal Government Strongly believes that certain regulations at right time that in turn lead to the Country’s prosperous future.
How we can Observe National Insurance Awareness Day:
Search more about Insurance Awareness Day since we could not find about the history of this day. Post your findings using this hash tag #InsuranceAwarenessDay or else post in the comments and your comments are most welcomed.
Explore more about the Insurance schemes available. Use this hash tag #InsuranceScheme to post the lesser-known Insurance scheme and its benefits. Have a look on National Life Insurance Day to know about the few common Terminologies of Insurance and related schemes. Use this hash tag #BestInsurancePlans to post the details of the Plan whatever you have enrolled in. Despite the Insurance providers agents are available, they could mislead us. Therefore, think twice and revise the plan before you choose.
Interesting Facts About Insurance Awareness Day:
- Insurances are mainly preferred to overcome any definite loss. Definite loss mainly includes loss due to fire, and in Automobile Industry when mishandling of Machines lead to injury from mild to profound level. These are highly prone for losses. Therefore, Insurance is availed by the policyholder to reimburse any such losses.
- Policyholder can prefer for Accidental loss by paying a monthly or yearly premium whatever stated in the Contract. The coverage of the Accidental Insurance depends on the Plan you have chosen. The losses are calculated based on the disability which will be defined in the Contract A separate Insurance is available as Disability Insurance against Accidents. The insurer will pay you on a monthly basis until the stipulated time. An insurance scheme named “Permanent Disability Insurance” is also available in case of Permanent disability. This scheme is contrary to that of “Disability Insurance”.
- The Term “Terrorism Insurance” is little known. A house, shop or whatever can be insured against Terrorist Attacks. Similarly, Kidnap and Ransom Insurance is to insure against Kidnap, Hijacking and other related crimes.
- Life Insurance prevents us from any uncertain situation. Life Insurance is of different Categories. Explore more about “National Life Insurance Day”.
- Like Health Insurance, Dental Insurance is also available in the Market. Roughly, one in three suffers from Cavities globally. Therefore, it is inevitable to avail dental insurance.
- Mobile Phone Insurance is also mostly preferred to compensate any possible theft, damage of our Mobiles. Nowadays mobile has become a part of life. We, Human Invented Mobile for our easy communication, but now, Mobile rule us! So better, opt for it.
- Political Risk Insurance is also a lesser-known fact. We can insure for the invested amount against any possible political crisis since the political threats may have a significant impact on the stock market business.
History of Insurance Awareness Day:
The origin of this day is obscure.