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Microinsurance Products (Presentation)
A look at the expanding horizons of microinsurance
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This presentation discusses the expansion taking place in the microinsurance scenario all over the world .The presentation makes the following points:
- Non-government organizations (NGOs), microfinance institutions (MFIs) and donors have conducted research that has resulted in the development of several microinsurance products;
- They have attempted to match products to the assessed needs of low-income households;
- They have also added new channels of delivery to meet the needs of low-income households.
The presentation:
- Lists microinsurance products according to their relative complexity, starting from the simpler, such as life insurance, to the more complex, such as crop insurance;
- Provides an overview of microinsurance products in different countries;
- Profiles various organizations and their insurance packages. These include:
- Vimo SEWA, India - integrated insurance package;
- BASIX, India - rainfall insurance;
- The Government, India - crop insurance;
- ICICI Group, India Innovations in delivery channels;
- Delta Life Insurance Company, Bangladesh life insurance;
- GRET, Cambodia the insurer-provider model;
- CARD MBA, Philippines life and term insurance and provident fund;
- La Equidad Seguros, Colombia - life insurance with flexibility;
- Microcare, Uganda comprehensive health care;
- Gemini Life Insurance Company, Ghana life insurance;
- AFYA, Kenya pre-paid health card;
- South Africa funeral insurance;
- Opportunity International Bank, Malawi unemployment insurance.
It concludes by providing information about the expansion of microinsurance products into various areas.
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