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The Journey of Micro-Insurance in India - A Snap Shot


Affiliations
1 Department of Commerce, Osmania university, Hyderabad, India
2 Telangana University, Nizamabad, Telangana, India
     

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Micro-insurance is recognized as a useful tool in economic development. Since many low-income people do not have access to adequate risk-management tools, they are vulnerable to risks and economic shocks; the way for them to protect themselves is micro insurance. By helping low-income households in managing risk, it can assist them to maintain a sense of financial buoyancy even in the face of significant vulnerability. If governments, donors, development agencies and others are serious about antagonistic to poverty, micro insurance will be one of the weapons in their arsenal. The present paper examines the impact of Micro-insurance on Poverty eradication.

Keywords

Intermediaries, Micro-Insurance, Poverty Eradication, Performance, Risk Pooling.
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  • The Journey of Micro-Insurance in India - A Snap Shot

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Authors

Mohd Azher Parvez
Department of Commerce, Osmania university, Hyderabad, India
T. Satyanarayana Chary
Telangana University, Nizamabad, Telangana, India

Abstract


Micro-insurance is recognized as a useful tool in economic development. Since many low-income people do not have access to adequate risk-management tools, they are vulnerable to risks and economic shocks; the way for them to protect themselves is micro insurance. By helping low-income households in managing risk, it can assist them to maintain a sense of financial buoyancy even in the face of significant vulnerability. If governments, donors, development agencies and others are serious about antagonistic to poverty, micro insurance will be one of the weapons in their arsenal. The present paper examines the impact of Micro-insurance on Poverty eradication.

Keywords


Intermediaries, Micro-Insurance, Poverty Eradication, Performance, Risk Pooling.

References