microinsurance
Sign in to saveMicroinsurance is the protection of low-income people (defined as those living on more than approximately $1 but less than $4 per day) against specific perils in exchange for regular premium payment proportionate to the likelihood and cost of the risks involved. This definition is exactly the same as one might use for regular insurance except for the clearly prescribed target market: low-income people. The target population typically consists of persons ignored by mainstream commercial and social insurance schemes, as well as persons who have not previously had access to appropriate insurance
In the Vinony graph
Within Vinony's link graph, microinsurance is referenced by 20 other articles, and connects out to government, insurance and digital object identifier.
It is catalogued under topics including Health economics, Microinsurance and Poverty.
Its subject is documented across 9 Wikipedia language editions.
~11 min read
Encyclopedic overview
7 sectionsContents
- Definitions
- Products
- Delivery models
- Microinsurance scheme
- Economic development
- See also
- References
Microinsurance is the protection of low-income people (defined as those living on more than approximately $1 but less than $4 per day) against specific perils in exchange for regular premium payment proportionate to the likelihood and cost of the risks involved. This definition is exactly the same as one might use for regular insurance except for the clearly prescribed target market: low-income people. The target population typically consists of persons ignored by mainstream commercial and social insurance schemes, as well as persons who have not previously had access to appropriate insurance products.
The institutions or set of institutions implementing microinsurance are commonly referred to as a microinsurance scheme.
Excerpted from Wikipedia’s “microinsurance” article, available under the CC BY-SA 4.0 licence.
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