Volume : III, Issue : VII, July - 2014

Demand for Micro Insurance: An assessment of Driving Factors

Sheikh Aftaab Ul Maroof

Abstract :

Poor people generally do not have adequate financial support to face the risks in future and their consequent shocks. Uninsured risks have adverse implications and can be a cause of persistent poverty. Microinsurance has been introduced as a mechanism with the potential to assist the poor in dealing with risk. Microinsurance as having a developmental focus should increase its utilisation by poor. Generally because of lower access, unawareness, and other factors; poor people are unable to utilize these financial services. This study makes an assessment of factors responsible for uptake of demand for microinsurance. Different factors affecting the demand for microinsurance have been identified i.e., economic, social, personal, structural and culture specific.

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Sheikh Aftaab-ul-Maroof Demand for Micro Insurance: An assessment of Driving Factors Indian Journal of Applied Research, Vol.4, Issue.7 July 2014

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