Residence proof norms for micro-insurance products eased
Insurance regulator IRDA has decided to relax the requirement of written confirmation from banks as a proof of residence for micro-insurance policy seekers from remote areas.
MICRO INSURANCE
Standard micro-insurance products to hit market soon
The proposed standard product on micro insurance for the insurance industry is expected to get the regulator’s nod in a month’s time and such off-the-shelf products would be available by March 2013. Read more
Call for thrust on micro insurance
India is the world leader in micro insurance and regulating it from its budding stages and revamping its regulations are a must, feels a World Bank expert. Read more
Micro insurance: Securing the future of low income group
India is a country with a population of 1.2 billion. It is estimated that 37% of the total population live below poverty line (BPL). Social security for BPL people is a matter of concern for the nation. In this article, coverage is given to micro insurance which is one of the important social security measures for poor people like farmers, workers, labourers, etc.
Read moreSoon, micro-insurance may be available on kirana, chemist shops
Concerned over the low penetration of insurance, the insurance watch dog, Insurance Regulatory and Development Authority has proposed to sell micro-insurance products through chemists, kirana and petrol pumps to increase penetration.
Read moreMicro Insurance -Progress Report in India, policies offered & strategy to expand the coverage of micro insurance policies
There is hardly any person who does not need insurance. People need insurance cover for his life, health and various Read more
Insurance : Industry On Growth Path
Indian insurance industry is booming. With the stock market booming and with more disposable incomes in the pockets of young and the employed, life insurance in on an upswing and the industry can expect 40% growth in 2005-06 with the right strategies. Read more
Health Cover & Care – Predominent Parameter of Micro-insurance
Introduction:
Low-income households are vulnerable to risks and economic shocks. One way for the poor to protect their health is through insurance. By helping low-income households to manage their health risks, micro-insurance can assist them to maintain a sense of financial confidence even in the face of significant vulnerability.