Considering the importance of spreading insurance awareness among students, HDFC ERGO came up with the concept of the insurance quiz in 2016 to help students to proactively learn about insurance at an early age and educate them on the need to secure their financial future. This year, the insurance quiz gets bigger with a reach of over 3 lakh students in 1,500+ schools from 110+ cities. 2,600 students from Classes VIII and IX are participating in this nationwide quiz, starting September 2, 2022.
Speaking about the quiz competition, Mr. Ritesh Kumar, MD & CEO, HDFC ERGO General Insurance said, “The insurance penetration for India is pegged at 4.2% in 2021, which is lower than the global average of 7.0%. One of the reasons for low insurance penetration is low awareness about insurance. We started the Insurance quiz with a view to improve insurance awareness. At a young age, students can be groomed and taught the importance of insurance to safeguard their future. We believe that this platform educates the future generation of our nation about insurance and thus contributes towards building a secure nation.”
This unique initiative has so far ignited more than 6 lakh young minds with the concept of insurance. In 2016, the quiz started in just one city of Mumbai, and has now spread its wings across more than 110 cities in the country. The quiz has been layered into three rounds – City, Zonal, and Finals. The City round winners qualify for the Zonal rounds, and the winners of the latter battle it out to secure a place in the Grand Finale. There are prizes worth Rs. 7.5 lakh to be won across the different levels of the quiz contest. The grand finale will be hosted on September 27, 2022, which also marks the 20th anniversary of the Company.
About HDFC ERGO:
HDFC ERGO General Insurance Company is a joint venture between HDFC Ltd. and ERGO International AG, the primary insurance entity of the Munich RE Group of Germany.
HDFC ERGO is one of India's largest non-life insurance companies in the private sector. The Company offers a complete range of General Insurance products, including Health, Motor, Two-wheeler, Home, Travel, Cyber, Agriculture, Credit, and Personal Accident in the retail space along with Property, Marine, Engineering, Marine Cargo, Group Health, and Liability Insurance in the corporate space. HDFC ERGO has consistently delighted its customers at every touch-point through its comprehensive set of insurance products, integrated customer service models, top-in-class claim processes, and a host of technologically innovative solutions.
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