Microinsurance Market 2018: Recent Trends, Development, Segmentation and Growth by Regions to 2023
Microinsurance is the protection of low-income people against specific perils in exchange for regular premium payment proportionate to the likelihood and cost of the risks involved. The target population typically consists of persons ignored by mainstream commercial and social insurance schemes, as well as persons who have not previously had access to appropriate insurance products. Microinsurance is synonymous to community-based financing arrangements including community health funds, mutual health organizations, rural health insurance, revolving drugs funds and community involvement in user-fee...
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