MICROINSURANCES

 

 

 

 

 

MICROINSURANCES.COM

MICROINSURANCES : MICROINSURANCE INSURANCE FOR LOW INCOME IDVIDUALS

microinsurances.com

MICROINSURANCES : MICROINSURANCE A NEW INSURANCE PRODUCT TO HELP COMMUNITIES WITH LOW REVENUES

 

Microinsurances is dedicated to the alternative insurances called microinsurances. Thanks to microinsurances.com find access to an adapted insurance.

 

 

Microinsurance is a specific form of adapted insurance for individuals with low incomes. Microinsurances give people without access to classical and expensive insurances the possibility to cover risks.

 


Microinsurance main objectives to cover and protect assets or live of low-income people and their families against death, accidents, illness and natural disasters. This is intended to stop them losing a fragile existence which through an accident put them back to poverty. Microinsurance capital advantages are the low premiums and accordingly the low coverage limits. Similarly to a microcredit, a microinsurance as part of microfinance looks to help poor families through offering them insurance contracts adapted to their needs.

 

 

Microinsurances are different from the classic insurances even if it aims also to provide a hedge against losses. Since the market it targets consists of low income populations, it will require a quite different range of parameters when it comes to product developments, marketing, pricing and channels of distribution.

 

 

 

Distribution of microsinsurances: this insurance product is sold though unlicensed agents to low-income groups of individuals.

 

Premium payment of a microinsurance: mainly irregular premium payments in view of the irregular revenues of the policy holders.

 

Microinsurance pricing: Pricing or premium rate is established by the actuary exploiting available experience data. 

 

 

 

Microinsurance has proven very successful in Asia in general and India particlularly. The country has the most dynamic microinsurance sector. This is mainly due to to the liberalization of the economy and the insurance sector creating new opportunities for insurances to reach individuals working in the informal sector.

 

 

In Africa microinsurances cover 44 million lives and properties in 40 countries in the continent, with a proven growth of over 200% between 2008 and 2011. The African market is dominated by life coverage and West and East Africa. Mobile service providers are becoming important when it comes to the distribution of microinsurances contracts

 

 

Microinsurances.com has selected a number of platforms dedicated to microinsurance.

 

MICROINSURANCES ONLINE

 

PARALIFE STAR MICRO INSURANCE
MICROINSURANCE CENTRE MICROINSURANCE NETWORK
BANGLADESH INDIA
INDONESIA KENYA
GHANA PHILIPPINES
PAKISTAN SOUTH AFRICA

 
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