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Micro Insurance: Dr. B.R.Roy Manager, Technical Dept, Head Office
Micro Insurance: Dr. B.R.Roy Manager, Technical Dept, Head Office
Micro Insurance: Dr. B.R.Roy Manager, Technical Dept, Head Office
Dr. B.R.Roy
Manager,
Technical Dept,Head Office
MICRO INSURANCE
salient features
Low premium & low caps low
coverage limits.
Sold as part of atypical risk
pooling & marketing
arrangements.
Service to low income people.
Served by typical social or
commercial insurance schemes.
Small financial transaction.
Micro Insurance
Products
Health insurance (illness,
injury, death)
Property risks (Damage or
loss)
Address to Crop insurance,
livestock/ cattle
Theft risk/fire risk, disability
insurance,Insurance of natural
disaster.
Adaptation by National
Based on IRDA(Micro insurance)
Regulation , National has
designed a blue print of Micro
insurance :
The product designed having the
Sum Insured minimum Rs.5000/and maximum Rs.30,000/-for
property &health,PA Rs 10,000/- to
50,000/-