That looks fine -- runs every day of the year at 11:00 on your local time zone.
I believe cron.daily would work, but.
The time of "daily" is set in another cron file, /etc/crontab.
The lines look quite similar to cron entries: this is my relevant /etc/crontab entry:
25 6 * * * root test -x /usr/sbin/anacron || ( cd / && run-parts --report /etc/cron.daily )
It looks like cron would run all the daily scripts at 06:25, but not if anacron is installed and executable.
Traditionally, Linux servers are on 24/7, and cron jobs run to time: if the system is off, they just do not get run. anacron is an additional feature which is designed for personal and laptop systems, which may be turned off at any time, maybe for several days.
My /etc/anacrontab file contains lines like this:
1 5 cron.daily run-parts --report /etc/cron.daily
In anacron, the numbers mean something very different. The 1 is the period: it means "attempt to run this command every day, but only once per day". The 5 means "delay for 5 minutes before running". So if your system is running at midnight, anacron will run the scripts in cron.daily at 00:05, but if you only boot your Laptop for the first time today at 14:32, the scripts get run at 14:37.
run-parts is a script that runs all the scripts in /etc/cron.daily in sorted order (ASCII), so you can choose names that prioritise them as you wish. Only one of them will be running at any time.
OK, I have an anacron system on Linux Mint 19.3, because this file passes the test -x:
$ ls -l /usr/sbin/anacron
-rwxr-xr-x 1 root root 34832 May 29 2017 /usr/sbin/anacron
Personally, I would think that the daily, weekly and monthly files are easy to forget about, and are best used for system tasks only. I prefer to give each cron entry a specific time, and keep everything in the standard user crontabs.