Summary
Contents
This series of annual reports on the microfinance sector in India which seeks to document developments, clarify issues, publicize studies, stimulate research, identify policy choices, generate understanding, and enhance support for the sector. It highlights recent developments under each of the two main models of microfinance in India – the SHG and MFI models. The book highlights recent developments in Self Help Groups (SHGs) and SHG Bank Linkage Programme (SBLPs), and focuses on microfinance with regard to the investment scenario in India.
Micro-Insurance in a Macro Market
Micro-Insurance in a Macro Market
The subject of insurance for microfinance clients was discussed in the last year's report with particular reference to the huge market potential and the lack of suitable products for the customers. The current developments in the insurance sector point to more organisations and insurance companies getting interested in expanding insurance services for the poor. Insurance Regulatory and Development Authority (IRDA) has a clear view on the subject of what is micro-insurance, who can provide the same and what type of intermediary could be engaged for the purpose. Micro-insurance as now defined results in limited coverage of risks of those who are poor and also disadvantaged. The limits that have been envisaged1 do not seem to be ...