Abhigyan

Open Access Open Access  Restricted Access Subscription Access
Open Access Open Access Open Access  Restricted Access Restricted Access Subscription Access

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
     

   Subscribe/Renew Journal


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.
User
Subscription Login to verify subscription
Notifications
Font Size

  • Abdul Hamid, S., Roberts, J., & Mosley, P. (2010). Evaluating the health effects of micro health insurance placement: Evidence from Bangladesh. World Development, 39 (3), 399.

  • Abdul Hamid, S., Jennifer, R., & Mosley, P. (2010). Can micro health insurance reduce poverty? evidence from Bangaladesh. The Journal of Risk and Insurance, 78 (1), 45.

  • Amitabh, Verma (2008). Retention of life insurance business – Need for improvement. IRDA Journal, 13 (1), 23.

  • Anuradha, K.R. (2007). Building security for poor - potential and prospects for micro insurance in India, Human development report unit, UNDP Regional Centre in Colombo, Serving Asia and the Pacific.

  • Retrieved from https://www.microfinancegateway.org/.../mfg-en-paper-building-security-for-the-poor-p, accessed on Dec 10 2015.

  • Annual reports 2005 to 2016. Retrieved from http://www.dipp.nic.in, accessed on March 1, 2016.

  • Annual reports 2005 to 2016. Retrieved from http://www.microinsurancecenter.org, accessed on March 15, 2016.

  • Annual reports 2005 to 2015. Retrieved from http://www.rbi.org.in, accessed on March 5, 2016.

  • Chandhok, G. A. (2009). Insurance -A tool to eradicate and a vehicle to economic development. International Research Journal of Finance and Economics, 24, 99.

  • Churchil, C. (2007). Insuring the low-income market: Challenges and solutions for commercial insurers. Risk and Insurance –Issues and practice, 32 (3), 401-412.

  • Devadasan, N., & Nagpal, S. (2007). Perspective and prospects in micro-health insurance, IRDA Journal, 12 (3), 21.

  • Eling, M., & Biener, C. (2011). The performance of micro-insurance programs: An analysis. The Journal of Risk and Insurance, 78 (2), 83-115.

  • Holzmann, R., & Jorgensen, S. (1999). Social protection as social risk management: Conceptual underpinnings for the social protection sector strategy. Journal of International Development, 11, 1005–1027.

  • Insurance regulatory and development authority micro-insurance regulations annual reports. Retrieved from http://www.irdaindia.org/regulations/IRDAMirco-Ins_reg-2007-08 & 2014-15.pdf, accessed on March 18, 2016.

  • International association of insurance supervisors (IAIS) and Microinsurance network. Retrieved from http://www. iaisweb.org. 2007, accessed on March 10, 2016.

  • Lena, Giesbert (2008). Demand for micro insurance in rural Ghana – household survey report on the anidaso policy of the gemini life insurance company (GLICO), German Institute of Global and Area Studies, Leibniz-institute for global and regional studied. Retrieved from http://54180_file_Ghana_microinsurance_survey_report_dec2008, accessed on May 10, 2015.

  • Manski, C. (2000). Economic analysis of social interactions. Journal of Economic Perspectives, 14(3), 21.

  • Nagaraja Rao, K. (2010). Challenges in designing need based products in life insurance for inclusive growth in India. Southern Economist, 32(2), 21.

  • Paola, Gomez, A., Sarthak Gaurav., & Flores Ballesteros, L. (2007). Innovating at the BOP: delivering micro insurance in kalahadi and beyond, institute for financial management and research. Retrieved from http://cpe.ucsd.edu/assets/002/6934.pdf, accessed on Dec 10, 2015.

  • Siegel, P., Alwang, B. J., & Canagarajah, S. (2001). Viewing micro-insurance as a social risk management tool, Social protection discussion 115. The World Bank, Washington, DC, accessed on Dec 05, 2015.

  • Venkata, Ramana, R. (2008). Life insurance awareness in rural India: Micro insurance lessons to learn and teach, Bimaquest, 8 (1), 78.

  • Ziaulhaq, Mamun, M. (2007). A sustainable model for insurers by Combining microinsurance with micro credit for rural households of Bangladesh. Journal of Business Research, 9, 118.


Abstract Views: 418

PDF Views: 3




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

Abstract Views: 418  |  PDF Views: 3

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