* Harnessing the power of technology to reach out to the young minds with the knowledge on insurance this 5th edition of the Quiz was made completely digital
HDFC ERGO General Insurance Company, India’s leading private sector general insurance company, declared JSS Shri Manjunathewara Central School (MCS, Hubli as the winners of HDFC ERGO Insurance Awareness Award Junior - Quiz 2020. With an impressive score of 205 points, the winners Kushal Pawar and Yash Jain were bestowed with the title of ‘National Champions’ and rewarded prizes worth INR 2,25,000/- . Maharaja Agrasen Vidyalaya, Ahmedabad, team bagged the title of the first runner up team to take home won prizes worth INR 1,50,000/- and BJEM School, Bubaneshwar, team finished as the second runner up team to claim prizes worth INR 75,000/-. The other finalists were also awarded prizes worth INR 30,000/- each for their unwavering efforts. Hosted virtually for the first time, the quiz continues to inculcate the ethos of financial inclusion and drive the much-needed awareness of insurance as a necessity in life.
Launched in 2016, this unique initiative taken by HDFC ERGO intends to promote insurance literacy as a necessary life skill amongst school students and has so far ignited more than 2 lakhs young minds with the concepts of insurance. The format includes HDFC ERGO conducting workshops in schools for class 8th and 9th students and share with them fundamentals and importance of Insurance. However, the current COVID-19 situation did not permit these workshop to be conducted this year in schools and hence, HDFC ERGO took the digital route to reach out to 1000+ schools, motivating the students to learn insurance digitally using a microsite - https://www.hdfcergo.com/einsurancepedia/, created by the Company. This site remains active post quiz as well to help those who would like to understand the basics of Insurance.
In 2016, the quiz started from just one city of Mumbai and has now spread its wings across 50 cities in the country motivating kids to learn insurance and prepare themselves for the uncertainties of future. The quiz was layered in three rounds – City, Zonal and Finals. The City round winners qualified for the Zonal rounds, wherein they battled it out to secure a place in the Grand Finale. Among the winners of this year’s Zonal Rounds were Greenland Public School, Lucknow from the North Zone, JSS Manjunatheshwara Central School, Hubli of the South Zone, Maharaja Agrasen Vidyalaya, Ahmedabad in the West Zone and BJEM School, Bhubaneshwar from the East Zone. Additionally two runner teams from the four Zonal rounds; Dewan Public School, Meerut and BSRKV School, Hyderabad; directly entered the Grand Finale by the virtue of a lucky draw with 6 teams in total competing for the National Title in the Grand Finale.
Speaking at the Grand Finale of the quiz competition, Mr. Ritesh Kumar, MD & CEO, HDFC ERGO General Insurance said,“Financial literacy is an important part of learning. While growing up, we were all taught the virtues of savings and that we should start saving early in life for our future. Unfortunately, apart from keeping our assets safe, we were not taught an important part of securing our investments in these assets from event beyond our control, with the purchase of an insurance policy. This is probably the reason why general insurance penetration in India is just at about 1% of our GDP, which is half the Asian penetration and just about one-third of the global penetration. It was with this very intent, of raising insurance awareness that the HDFC ERGO Insurance Awareness Award Junior Quiz was conceptualized. Amongst the many ideas that we thought through, creating a platform for school children was a unanimous choice. What better than educating the future generation to build a financially secured society.”
About HDFC ERGO:
HDFC ERGO General Insurance Company is a 51:49 joint venture between Housing Development Finance Corporation Ltd. (HDFC) and ERGO International AG; the primary insurance entity of the Munich Re Group of Germany. With complimentary skill sets and strengths of both the companies, the JV formed in 2008, is among India’s top 3 General Insurance companies in the private sector. HDFC ERGO offers the complete range of General Insurance products including Motor, Health, Home, Agriculture, Travel, Credit, Cyber and Personal Accident in the retail space and Property, Marine, Engineering, Marine Cargo, Group Health and Liability Insurance in the corporate space. The Company also offers a range of products for rural India, including Gramin Suraksha, Parivaar Suraksha, Crop, Weather and Cattle insurance. Innovative insurance products like Mosquito Disease Protection Policy, E@secure, Title and Solar Energy Shortfall Insurance have also set milestones in the way insurance can adapt to and cater for whatever it is that the customers need.
Over the last few years, HDFC ERGO has constantly endeavored to not just align itself to the evolving market needs, but instead be a pioneer in terms of its offerings. Having its ears to the ground has helped HDFC ERGO create a stream of highly targeted new products and AI-based tools and technology. Be it unique insurance products, integrated customer service models, top-in-class claim process or a host of technologically innovative solutions, the Company has been able to delight its customers at every touch-point and every milestone. The Company has been a market leader in using technology to advance the reach and impact of insurance in the country.
Recently, the Company announced the completion of the merger of HDFC ERGO Health Insurance (formerly known as Apollo Munich Health Insurance) with HDFC ERGO, which came in to effect on November 13th, 2020. This merger marked the second successful merger in India’s general insurance sector, following the merger of L&T General Insurance in 2017.
With a wide distribution network and a 24x7 support team, the Company has been offering seamless customer service and innovative products to its customers. Please log on to www.hdfcergo.com for more information on HDFC ERGO and the products and services offered by the Company.