The Role of Financial Literacy on the Development of Insurance Awareness

The aim of this study was to investigate the effect of financial literacy in the development of the insurance awareness. In this context, in university education, the differences are considered in insurance perspective that students get financial education and the students that do not get financial education. For this scope, we examine the relationship between financial literacy and insurance awareness over 400 university students from different academic background. The results show that there is statistically significant differences between insurance awareness of students who took finance courses and non-finance course.