A Study on Prospects and Problems of Micro-insurance with Reference to Nagpur Rural

Field: Economics, Econometrics and Finance (Social Sciences)

Micro insurance aims to safeguard the interest of the low earning people. Micro insurance is the protection of low income people against specific threats in consideration for premiums matching the likelihood and cost of the risk involved. It aims to shield the low income people against perils with affordable insurance products which help them to recuperate from common uncertainties.
The study aims to analyse the risks and vulnerabilities faced by the poor people. The study has been undertaken with an intention to understand the uncertainties faced by the poor people and to analyse the most preferred micro insurance policy by people. The study throws light on the various reasons responsible for the low penetration level of micro insurance and as to why people do not opt for micro insurance even though it safeguard their interest and provides financial security.
Micro insurance is purposely designed for the protection of low income people, with affordable insurance products to help them cope with and recover from common risks. It is a new promising tool helpful in reducing poverty and in¬creasing people welfare by providing risk management solutions to low in¬come persons. Today, micro insurance has evolved as an instru¬ment with potential to become the next revolution.
Micro insurance aims to safeguard the interest of the low earning people. Micro insurance is the protection of low income people against specific threats in consideration for premiums matching the likelihood and cost of the risk involved. It aims to shield the low income people against perils with affordable insurance products which help them to recuperate from common uncertainties.
The study aims to analyse the risks and vulnerabilities faced by the poor people. The study has been undertaken with an intention to understand the uncertainties faced by the poor people and to analyse the most preferred micro insurance policy by people. The study throws light on the various reasons responsible for the low penetration level of micro insurance and as to why people do not opt for micro insurance even though it safeguard their interest and provides financial security.
Micro insurance is purposely designed for the protection of low income people, with affordable insurance products to help them cope with and recover from common risks. It is a new promising tool helpful in reducing poverty and in¬creasing people welfare by providing risk management solutions to low in¬come persons. Today, micro insurance has evolved as an instru¬ment with potential to become the next revolution.
Micro insurance aims to safeguard the interest of the low earning people. Micro insurance is the protection of low income people against specific threats in consideration for premiums matching the likelihood and cost of the risk involved. It aims to shield the low income people against perils with affordable insurance products which help them to recuperate from common uncertainties.
The study aims to analyse the risks and vulnerabilities faced by the poor people. The study has been undertaken with an intention to understand the uncertainties faced by the poor people and to analyse the most preferred micro insurance policy by people. The study throws light on the various reasons responsible for the low penetration level of micro insurance and as to why people do not opt for micro insurance even though it safeguard their interest and provides financial security.
Micro insurance is purposely designed for the protection of low income people, with affordable insurance products to help them cope with and recover from common risks. It is a new promising tool helpful in reducing poverty and in¬creasing people welfare by providing risk management solutions to low in¬come persons. Today, micro insurance has evolved as an instru¬ment with potential to become the next revolution.