Microinsurance

Low-income people face a wide spectrum of risks and they exercise some ex ante and ex post strategies against these risks. Microinsurance has become an increasingly widespread tool for risk mitigation at this time. From the field survey, customers need more than the credit-life insurance including health, property and retirement payments. Nevertheless, AdCSI for the last four years have been giving credit-life insurance only. The finding shows that the role of Microinsurance toward the MFIs seems to be low in AdCSI because of the limited risk coverage. There are possible ways to expand the product type and delivery channels in order to ensure large coverage and increase its value. By using Primary and Secondary data, this book tries to see the positive role of Microinsurance toward the MFIs.