Role of intermediaries in extending micro insurance: A case studies
Keywords: Micro insurance, premium, low-income, NGO, MFI,
Abstract
(Micro insurance is insurance that is accessed by low-income population by a variety of different entities, but run in accordance with generally accepted insurance practice. The term micro insurance, as the name suggests, is insurance to protect the low-income group. These groups have to pay specific amounts, as regular premiums, proportionate to the likelihood and the cost of the risk against which they are insuring their life, those of their family members and property. This concept is quite in line with regular insurance. The only exception in the targeted beneficiaries is the low-income people.Micro insurance products are delivered by the field staff of an NGO, credit officers of MFI, front officer at customer service point, etc. An intermediary’s knowledge of the low-income market and attendant resources can play an important role by bridging the knowledge and capacity gap between micro insurance clients and insurers. Selling of micro insurance can require a significantly different approach for intermediaries.)
"Role of intermediaries in extending micro insurance: A case studies", TIJER - TIJER - INTERNATIONAL RESEARCH JOURNAL (www.TIJER.org), ISSN:2349-9249, Vol.11, Issue 2, page no.a287-a292, February-2024, Available :https://tijer.org/TIJER/papers/TIJER2402036.pdf
Volume 11
Issue 2,
February-2024
Pages : a287-a292
Paper Reg. ID: TIJER_151224
Published Paper Id: TIJER2402036
Downloads: 000307
Research Area: Commerce and Management, MBA All Branch
Country: Dibrugarh, Assam, India
DOI: http://doi.one/10.1729/Journal.38040
ISSN: 2349-9249 | IMPACT FACTOR: 8.57 Calculated By Google Scholar | ESTD YEAR: 2014
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.57 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Publisher: TIJER (IJ Publication) Janvi Wave
