Transcription of WORKING PAPER NO. 162 - ICRIER
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WORKING PAPER NO. 162 - ICRIER
WORKING PAPER NO. 162 MICRO-INSURANCE IN INDIA: TRENDS AND STRATEGIES FOR FURTHER EXTENSION Rajeev Ahuja Basudeb Guha-Khasnobis JUNE 2005 INDIAN COUNCIL FOR RESEARCH ON INTERNATIONAL ECONOMIC RELATIONS Core-6A, 4th Floor, India Habitat Centre, Lodi Road, New Delhi-110 003 Website: MICRO-INSURANCE IN INDIA: TRENDS AND STRATEGIES FOR FURTHER EXTENSION Rajeev Ahuja Basudeb Guha-Khasnobis JUNE 2005 The views expressed in the ICRIER WORKING PAPER Series are those of the author(s) and do not necessarily reflect those of the Indian Council for Research on International Economic Relations ( ICRIER ). Contents i 1 1 2 Development of Micro-insurance in India .. 3 3 Supply and Demand Side Developments .. 5 Supply of micro-insurance ..5 Demand for 4 On Extending Micro-insurance .. 10 Flexibility in Premium.
i Foreword Microfinance phenomenon is one of the most remarkable socio-economic developments of our times. For a long time the poor, because of their economic
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