Micro Insurance

Africa News

AXA Mediterranean and Latin America region (AXA MedLA), a subsidiary of AXA Group, and Grameen-Jameel Microfinance Ltd., one of the largest private supporters to microfinance institutions in Middle East, North Africa & Turkey, have signed a Memorandum of Understanding (MoU), to jointly provide micro insurance solutions for clients in the...

Universal Life Insurance

In its 21st September 2012 draft on a standard product for Rural and Social Sector the Insurance Regulatory and Development Authority (IRDA) says “IRDA shall prescribe annual target so as to cover entire BPL population in the next 5 years.” This path-breaking goal will require innovations in product design and product delivery.

The rural people of the pacific got access to much needed insurance products for the first time with the launch of a microinsurance partnership. The joint venture was between a community-based organization, Partners in Community Development (PCDF) and an insurance company, Life Insurance Corporation of India (LICI) in Savusavu on the island of...

The provision of regulated microinsurance to the vulnerable people who live below the poverty line in Timor Leste will be made available soon. National Insurance Timor-Leste (NITL) has partnered with Tuba Rei Metin and Moris Rasik, the two microfinance institutions currently operating in Timor-Leste, to introduce the first ever regulated...

Micro insurance schemes worldwide have catapulted over the past five years. It now reaches an estimated 500 million worldwide, according to the Micro insurance Innovation Facility of the International Labour Organization (ILO) and the Munich Re Foundation. Not only does micro insurance aim to protect the poor against risks, but is also tailored...

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