Volume : V, Issue : IX, September - 2015

Risk Management and Awareness of Microinsurance among Rural Households

Mrs. A. Meenakshi, Dr. U. Jerinabi

Abstract :

Risk and vulnerability is a main component of daily life for poor people. India is enjoying rapid growth and benefits from a young population. Its middleclass is growing rapidly but 70 percent of the population is still rural, often very poor, handicapped by poor health and health services, and low literacy rates. Susceptibility to risk and its associated shocks are the key aspects of poverty. Microinsurance is considered by development practitioners as one of the financial services to help the poor with risk–coping. Objectives of the study are to analyse the factors which influencing the risk and risk management strategies and to determine the awareness of microinsurance among rural households. Microinsurance is not only the mechanism for reducing vulnerability but also ensure social and economic security to the poor. It protects rural households against those risks that they are unable to protect themselves through informal mechanisms, savings or credit.

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Mrs. A.Meenakshi, Dr. U. Jerinabi Risk Management and Awareness of Microinsurance Among Rural Households Indian Journal of Applied Research, Vol.5, Issue : 9 September 2015

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