Microinsurance

After half a decade of microinsurance regulation, there are some clear trends emerging in the way microinsurance business is conducted in India.

This e-bulletin focuses on microinsurance- scope, issues and challenges. The e-bulletin highlights MicroSave's work in the area of microinsurance across geographies.

Click here to view the E-Bulletin.

Microfinance in India has largely been driven by credit products of microfinance institutions (MFIs), and microinsurance has remained a secondary choice for financial inclusion. However, recently, many important developments have taken place in the Indian microinsurance sector. Though India has experimented a lot with microinsurance, the sector is still driven by supply-led interventions.

In East Africa, risk management tools for health care have traditionally centred on self-insurance and informal insurance. However, these “tools” often fall short of satisfying the financial burden of a household, and this can lead to financial crisis and poor health and in some cases even death.