<ul data-eligibleForWebStory="false">Life insurance companies plan to spend Rs 450 crore on a three-year multimedia awareness campaign to boost penetration.The campaign, themed 'Sabse Pehle Life Insurance', aims to address the decline in insurance penetration over the past few years.Only about 36 crore out of 140 crore people in India currently have insurance cover, showing a significant gap in coverage.The campaign initially focuses on term, child, and savings plans to educate the public about the importance of insurance.