Volume : IV, Issue : II, February - 2014

Micro Insurance: An Emerging Financial Instrument in the Indian Insurance Sector

Mrs. Amrutha Varshini V, Prof. B. H. Suresh

Abstract :

The insurance sector in India is in growing stage and it has become a must for each individual to have his or her own insurance in order be ready with risk associated with life and property. Insurance functions on the concept of risk pooling, and also regardless of its small unit size and its activities at the level of single communities. In that micro insurance is playing a very important role. Micro insurance, the term used to refer to insurance to the low-income people. The emergence of micro insurance is not only to promote business activities but also, social development and protection to the poor people. From the research it has also been found that, out of the estimated four billion people worldwide, who live on less than $2 a day. Against this backdrop, the present paper explores various aspects of micro insurance.

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Mrs. Amrutha Varshini V,Prof.B.H.Suresh Micro Insurance: An Emerging Financial Instrument in the Indian Insurance Sector Indian Journal of Applied Research, Vol.IV, Issue. II

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