Microinsurance

Posted on 06.37 by Asuransi Mikro
MicroinsuranceMicroinsurance is the protection of low-income people (those living on between approximately $1 and $4 per day) against specific perils in exchange for regular premium payment proportionate to the likelihood and cost of the risks involved. This definition is exactly the same as one might use for regular insurance except for the clearly prescribed target market:...

Definitions of microinsurance

Posted on 06.41 by Asuransi Mikro
Definitions of microinsuranceMicroinsurance is insurance with low premiums and low caps / coverage. In this definition, "micro" refers to the small financial transaction that each insurance policy generates. "General microinsurance product means health insurance contract, any contract covering the belongings, such as, hut, livestock or tools or instruments or any personal...

Microinsurance products

Posted on 06.43 by Asuransi Mikro
Microinsurance productsMicroinsurance, like regular insurance, may be offered for a wide variety of risks. These include both health risks (illness, injury, or death) and property risks (damage or loss). A wide variety of microinsurance products exist to address these risks, including crop insurance, livestock/cattle insurance, insurance for theft or fire, health insurance,...

Microinsurance scheme

Posted on 06.45 by Asuransi Mikro
Microinsurance schemeA microinsurance scheme is a scheme that uses, among others, an insurance mechanism whose beneficiaries are (at least in part) people excluded from formal social protection schemes, particularly, informal economy workers and their families. The scheme differs from others created to provide legal social protection to formal economy workers. Membership...

Microinsurance and development

Posted on 06.40 by Asuransi Mikro
Microinsurance and development Dirk Reinhard provides a good list summarising reading pertinent to microinsurance. Small means, massive impact  Microinsurance is recognized as a useful tool in economic development. As many low-income people do not have access to adequate risk-management tools, they are vulnerable to fall back into poverty in times of hardship,...
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