D11 - requires different design and distribution strategies...

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What is Micro-Insurance? “The protection of low-income people against specific perils in exchange for regular premium payments proportionate to the likelihood and cost of the risk involved”. Micro-insurance refers to the insurance specifically meant for low-income people, and is different from insurance in general as it is a low value product (involving modest premium and benefit package) which
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Unformatted text preview: requires different design and distribution strategies such as premium based on community risk rating (as opposed to individual risk rating), active involvement of an intermediate agency representing the target community and so forth....
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