New Delhi, July 27 -- What's common between Japan's 2011 tsunami, the 9/11 terror attacks in the US, and the covid-19 pandemic? Apart from being mass-scale tragedies that shook the world, these moments also serve as a reminder that when everything fell apart, insurance stepped in to help piece lives back together.

But tragedies don't always make global headlines, do they? Sometimes, they strike quietly, in the form of a sole breadwinner's untimely death, setting the entire household's standard of living backwards.

India has made commendable progress in lifting millions out of poverty. As per the UNDP Multidimensional Poverty Index, India pulled 415 million people out of poverty between 2005 and 2021. However, the low penetration of fina...