SlideShare une entreprise Scribd logo
1  sur  20
Télécharger pour lire hors ligne
Marketing of
 Insurance
  Products
Ifm ppt
Introduction
Ifm ppt
Life Insurance Marketing in
           India
Marketing Strategies
Following are some Marketing
Strategies adopted by the players in the
                       market
1) Shift in product portfolio
2) Value for money
3) Tapping the niche markets
4) Thrust to the rural markets
5) Access to rural areas through RRBs
6) Tapping unconventional distribution channels
7) Cause related marketing
8) De-tariffing in general insurance
Ifm ppt
10 insurance marketing ideas
Emergency Info Wallet Cards
Great Email Signature
Keep a Voice Recorder in Your
Car
Get an Online Presence
Get in Their Cell Phone
Volunteer
Automated Voice Message
Calls
Host a Window Etching Event
Door Hangers
Good Old Telemarketing
Channels Of Distribution
The multiple channels helps the insurance companies
to tap on the untapped potential and focus on specific
 market as well. The available distribution channels in
              the market are as follows:

                  1)Agent
                 2)Broker
             3)Corporate agent
Bancassurance
     The Bank Insurance
     Model ('BIM'), also
    sometimes known as
'Bancassurance', is the term
    used to describe the
 partnership or relationship
   between a bank and an
     insurance company
   whereby the insurance
   company uses the bank
sales channel in order to sell
     insurance products.
Swot analysis of bancassurance
Worksite Marketing
  This is relatively inexpensive
    channel and can be easily
   launches. It involves sale of
  financial products and other
services to employees through
 workplace participation and is
       on voluntary basis.
The employees usually pays for
the products generally through
        salary deduction.
Internet marketing, also known as digital marketing, web
    marketing, online marketing, search marketing or e-marketing, is
    the marketing (generally promotion) of products or services over
                              the Internet.
  Internet marketing is considered to be broad in scope because it not
  only refers to marketing on the Internet, but also includes marketing
done via e-mail and wireless media. Digital customer data and electronic
   customer relationship management (ECRM) systems are also often
               grouped together under internet marketing.
Ifm ppt
Its benefits
The opportunity to
reduce costs of
production by reducing
overheads.
The opportunity to
increase sales.
The opportunity to
access new markets
across the globe.
The chance to target
market segment more
effectively.
Improves the efficiency
of supply chain.
Micro insurance
  Microinsurance is a term increasingly used to refer
 to insurance characterized by low premium and low
  caps or low coverage limits, sold as part of atypical
    risk-pooling and marketing arrangements, and
      designed to service low-income people and
businesses not served by typical social or commercial
                  insurance schemes.
3 common types of micro
    insurance plans
         1)Life Insurance



       2)Health Insurance



  3)Livestock or Crop Insurance.
Ifm ppt
PPT
   By
Aaryendr

Contenu connexe

Tendances

Marketing Mix In Insurance Sector
Marketing Mix In Insurance SectorMarketing Mix In Insurance Sector
Marketing Mix In Insurance SectorAwneesh Chauhan
 
Govt. securities market ppt
Govt. securities market pptGovt. securities market ppt
Govt. securities market pptPrakyath Palan
 
ADVERTISING MANAGEMENT -UNIT 1 BBA III SEM
ADVERTISING MANAGEMENT -UNIT 1 BBA III SEMADVERTISING MANAGEMENT -UNIT 1 BBA III SEM
ADVERTISING MANAGEMENT -UNIT 1 BBA III SEMMansi Tyagi
 
TYPES OF LIFE INSURANCE POLICIES IN INDIA
TYPES OF  LIFE INSURANCE POLICIES IN INDIATYPES OF  LIFE INSURANCE POLICIES IN INDIA
TYPES OF LIFE INSURANCE POLICIES IN INDIAFinMitra
 
Global depository receipt (gdr)
Global depository receipt (gdr)Global depository receipt (gdr)
Global depository receipt (gdr)vishnutc
 
Mutual funds
Mutual fundsMutual funds
Mutual fundsSweetp999
 
LEGAL AND ETHICAL ASPECTS OF ADVERTIZING
LEGAL AND ETHICAL ASPECTS OF ADVERTIZINGLEGAL AND ETHICAL ASPECTS OF ADVERTIZING
LEGAL AND ETHICAL ASPECTS OF ADVERTIZINGJojin Jose
 
Structure of indian financial market
Structure of indian financial marketStructure of indian financial market
Structure of indian financial marketRavi kumar
 
Regulatory framework for financial services in INDIA
Regulatory framework for financial services in INDIARegulatory framework for financial services in INDIA
Regulatory framework for financial services in INDIAayushmaan singh
 
Service marketing in banking
Service marketing in bankingService marketing in banking
Service marketing in bankingAli Zeeshan
 
Variety of Distribution Channels for Insurance
Variety of Distribution Channels for InsuranceVariety of Distribution Channels for Insurance
Variety of Distribution Channels for InsuranceHermith Mana
 

Tendances (20)

Mutual fund
Mutual fundMutual fund
Mutual fund
 
Marketing Mix In Insurance Sector
Marketing Mix In Insurance SectorMarketing Mix In Insurance Sector
Marketing Mix In Insurance Sector
 
Govt. securities market ppt
Govt. securities market pptGovt. securities market ppt
Govt. securities market ppt
 
Factoring
FactoringFactoring
Factoring
 
ADVERTISING MANAGEMENT -UNIT 1 BBA III SEM
ADVERTISING MANAGEMENT -UNIT 1 BBA III SEMADVERTISING MANAGEMENT -UNIT 1 BBA III SEM
ADVERTISING MANAGEMENT -UNIT 1 BBA III SEM
 
TYPES OF LIFE INSURANCE POLICIES IN INDIA
TYPES OF  LIFE INSURANCE POLICIES IN INDIATYPES OF  LIFE INSURANCE POLICIES IN INDIA
TYPES OF LIFE INSURANCE POLICIES IN INDIA
 
Process of personal selling
Process of personal sellingProcess of personal selling
Process of personal selling
 
Global depository receipt (gdr)
Global depository receipt (gdr)Global depository receipt (gdr)
Global depository receipt (gdr)
 
Mutual funds
Mutual fundsMutual funds
Mutual funds
 
LEGAL AND ETHICAL ASPECTS OF ADVERTIZING
LEGAL AND ETHICAL ASPECTS OF ADVERTIZINGLEGAL AND ETHICAL ASPECTS OF ADVERTIZING
LEGAL AND ETHICAL ASPECTS OF ADVERTIZING
 
Structure of indian financial market
Structure of indian financial marketStructure of indian financial market
Structure of indian financial market
 
PRIMARY MARKET PPT
PRIMARY MARKET PPTPRIMARY MARKET PPT
PRIMARY MARKET PPT
 
DEVELOPMENT BANKS
DEVELOPMENT BANKSDEVELOPMENT BANKS
DEVELOPMENT BANKS
 
Regulatory framework for financial services in INDIA
Regulatory framework for financial services in INDIARegulatory framework for financial services in INDIA
Regulatory framework for financial services in INDIA
 
financial services
financial servicesfinancial services
financial services
 
Securitisation
SecuritisationSecuritisation
Securitisation
 
Service marketing in banking
Service marketing in bankingService marketing in banking
Service marketing in banking
 
Variety of Distribution Channels for Insurance
Variety of Distribution Channels for InsuranceVariety of Distribution Channels for Insurance
Variety of Distribution Channels for Insurance
 
Bought out deal
Bought out dealBought out deal
Bought out deal
 
Advertising budget
Advertising budgetAdvertising budget
Advertising budget
 

En vedette

benefits of online marketing for insurance marketing executive
benefits of online marketing for insurance marketing executivebenefits of online marketing for insurance marketing executive
benefits of online marketing for insurance marketing executiveAshish Kumar
 
MARKETING STRATEGY OF LIC
MARKETING STRATEGY OF LIC MARKETING STRATEGY OF LIC
MARKETING STRATEGY OF LIC ANSHU TIWARI
 
International Financial management
International Financial management International Financial management
International Financial management Kira_Lio
 
insurance sector ppt
insurance sector pptinsurance sector ppt
insurance sector pptJay Shah
 
International financial management
International financial managementInternational financial management
International financial managementVisakhapatnam
 
life insurance marketing
life insurance marketinglife insurance marketing
life insurance marketingManish Nandal
 
Insurance & strategies for promoting insurance product & services
Insurance & strategies for promoting insurance product & servicesInsurance & strategies for promoting insurance product & services
Insurance & strategies for promoting insurance product & servicesAnkit Gautam
 
Life insurence ppt
Life insurence ppt Life insurence ppt
Life insurence ppt Anjiyaa
 
Life insurance project(LIC)
Life insurance project(LIC)Life insurance project(LIC)
Life insurance project(LIC)Anil Goswami
 
Ppt insurance ...
Ppt insurance ...Ppt insurance ...
Ppt insurance ...Sham Ghuge
 
Life insurance ppt
Life insurance pptLife insurance ppt
Life insurance pptjaypujara007
 
From Innovation to Wealth Creation - Getting Closer to Customers Faster
From Innovation to Wealth Creation - Getting Closer to Customers FasterFrom Innovation to Wealth Creation - Getting Closer to Customers Faster
From Innovation to Wealth Creation - Getting Closer to Customers FasterWalter Adamson
 
Maxnewyorklifeinsurance
MaxnewyorklifeinsuranceMaxnewyorklifeinsurance
Maxnewyorklifeinsurancesankalpsingh
 
Designing training program for max new york life
Designing training program for max new york lifeDesigning training program for max new york life
Designing training program for max new york lifeTanuj Poddar
 

En vedette (20)

benefits of online marketing for insurance marketing executive
benefits of online marketing for insurance marketing executivebenefits of online marketing for insurance marketing executive
benefits of online marketing for insurance marketing executive
 
MARKETING STRATEGY OF LIC
MARKETING STRATEGY OF LIC MARKETING STRATEGY OF LIC
MARKETING STRATEGY OF LIC
 
International Financial management
International Financial management International Financial management
International Financial management
 
insurance sector ppt
insurance sector pptinsurance sector ppt
insurance sector ppt
 
International financial management
International financial managementInternational financial management
International financial management
 
life insurance marketing
life insurance marketinglife insurance marketing
life insurance marketing
 
Insurance & strategies for promoting insurance product & services
Insurance & strategies for promoting insurance product & servicesInsurance & strategies for promoting insurance product & services
Insurance & strategies for promoting insurance product & services
 
Life insurence ppt
Life insurence ppt Life insurence ppt
Life insurence ppt
 
Lic projct
Lic projctLic projct
Lic projct
 
Presentation on lic of india
Presentation on lic of indiaPresentation on lic of india
Presentation on lic of india
 
Lic Ppt
Lic PptLic Ppt
Lic Ppt
 
Life insurance project(LIC)
Life insurance project(LIC)Life insurance project(LIC)
Life insurance project(LIC)
 
Ppt insurance ...
Ppt insurance ...Ppt insurance ...
Ppt insurance ...
 
Life insurance ppt
Life insurance pptLife insurance ppt
Life insurance ppt
 
Comparison of l
Comparison of lComparison of l
Comparison of l
 
presentation on LIC company
presentation on LIC companypresentation on LIC company
presentation on LIC company
 
From Innovation to Wealth Creation - Getting Closer to Customers Faster
From Innovation to Wealth Creation - Getting Closer to Customers FasterFrom Innovation to Wealth Creation - Getting Closer to Customers Faster
From Innovation to Wealth Creation - Getting Closer to Customers Faster
 
Maxnewyorklifeinsurance
MaxnewyorklifeinsuranceMaxnewyorklifeinsurance
Maxnewyorklifeinsurance
 
Designing training program for max new york life
Designing training program for max new york lifeDesigning training program for max new york life
Designing training program for max new york life
 
International financial management final
International financial management final International financial management final
International financial management final
 

Similaire à Ifm ppt

Multi Channel Distribution in Insurance - Whitepaper
Multi Channel Distribution in Insurance - WhitepaperMulti Channel Distribution in Insurance - Whitepaper
Multi Channel Distribution in Insurance - WhitepaperNIIT Technologies
 
Omni-channel in insurance
Omni-channel in insuranceOmni-channel in insurance
Omni-channel in insuranceRonald Engel
 
Small-ticket Insurance point of view - VF
Small-ticket Insurance point of view - VFSmall-ticket Insurance point of view - VF
Small-ticket Insurance point of view - VFRiaan Singh
 
27.marketing strategies financial services
27.marketing strategies   financial services27.marketing strategies   financial services
27.marketing strategies financial servicesPankaj Soni
 
New opportunities in microinsurance distibution
New opportunities in microinsurance distibutionNew opportunities in microinsurance distibution
New opportunities in microinsurance distibutionImpact Insurance Facility
 
Advertising and digital marketing -1.pptx
Advertising and digital marketing -1.pptxAdvertising and digital marketing -1.pptx
Advertising and digital marketing -1.pptxRiyazKhan241203
 
mobile advertisement
mobile advertisementmobile advertisement
mobile advertisementnadima azhar
 
Developing Marketing and Managing Microinsurance 2
Developing Marketing and Managing Microinsurance 2Developing Marketing and Managing Microinsurance 2
Developing Marketing and Managing Microinsurance 2MABSIV
 
Developing, Marketing, and Managing Micro-Insurance Products and Partners
Developing, Marketing, and Managing Micro-Insurance Products and PartnersDeveloping, Marketing, and Managing Micro-Insurance Products and Partners
Developing, Marketing, and Managing Micro-Insurance Products and PartnersMABSIV
 
Inclusivity Solutions - InsurTech Innovation Award 2022
Inclusivity Solutions - InsurTech Innovation Award 2022Inclusivity Solutions - InsurTech Innovation Award 2022
Inclusivity Solutions - InsurTech Innovation Award 2022The Digital Insurer
 
From B2B & B2C to B2B2C
From B2B & B2C to B2B2CFrom B2B & B2C to B2B2C
From B2B & B2C to B2B2COutSystems
 
RASHMITA MANONDDRA BLACK BOOK.docx
RASHMITA MANONDDRA BLACK BOOK.docxRASHMITA MANONDDRA BLACK BOOK.docx
RASHMITA MANONDDRA BLACK BOOK.docxLittleLap
 
Finology - Insurtech Innovation Award 2023
Finology - Insurtech Innovation Award 2023Finology - Insurtech Innovation Award 2023
Finology - Insurtech Innovation Award 2023The Digital Insurer
 
Banccassurance project for banking & insurance finance
Banccassurance project for banking & insurance   financeBanccassurance project for banking & insurance   finance
Banccassurance project for banking & insurance financealkanm
 
Role of it in Marketing
Role of it in MarketingRole of it in Marketing
Role of it in Marketingprahladgurjar
 
The role of integrates marketing communications in life insurancet
The role of integrates marketing communications in life insurancetThe role of integrates marketing communications in life insurancet
The role of integrates marketing communications in life insurancetSupa Buoy
 
Social Media a platform to increase sales & visibility - Whitepaper
Social Media a platform to increase sales & visibility - WhitepaperSocial Media a platform to increase sales & visibility - Whitepaper
Social Media a platform to increase sales & visibility - WhitepaperNIIT Technologies
 
Powerful Interaction Points: Saying goodbye to the channel
Powerful Interaction Points: Saying goodbye to the channelPowerful Interaction Points: Saying goodbye to the channel
Powerful Interaction Points: Saying goodbye to the channelIBMInsurance
 
Role of it by gulshan kumar
Role of it by  gulshan kumarRole of it by  gulshan kumar
Role of it by gulshan kumarGULSHAN KUMAR
 

Similaire à Ifm ppt (20)

Multi Channel Distribution in Insurance - Whitepaper
Multi Channel Distribution in Insurance - WhitepaperMulti Channel Distribution in Insurance - Whitepaper
Multi Channel Distribution in Insurance - Whitepaper
 
Omni-channel in insurance
Omni-channel in insuranceOmni-channel in insurance
Omni-channel in insurance
 
Small-ticket Insurance point of view - VF
Small-ticket Insurance point of view - VFSmall-ticket Insurance point of view - VF
Small-ticket Insurance point of view - VF
 
27.marketing strategies financial services
27.marketing strategies   financial services27.marketing strategies   financial services
27.marketing strategies financial services
 
06 chapter 1
06 chapter 106 chapter 1
06 chapter 1
 
New opportunities in microinsurance distibution
New opportunities in microinsurance distibutionNew opportunities in microinsurance distibution
New opportunities in microinsurance distibution
 
Advertising and digital marketing -1.pptx
Advertising and digital marketing -1.pptxAdvertising and digital marketing -1.pptx
Advertising and digital marketing -1.pptx
 
mobile advertisement
mobile advertisementmobile advertisement
mobile advertisement
 
Developing Marketing and Managing Microinsurance 2
Developing Marketing and Managing Microinsurance 2Developing Marketing and Managing Microinsurance 2
Developing Marketing and Managing Microinsurance 2
 
Developing, Marketing, and Managing Micro-Insurance Products and Partners
Developing, Marketing, and Managing Micro-Insurance Products and PartnersDeveloping, Marketing, and Managing Micro-Insurance Products and Partners
Developing, Marketing, and Managing Micro-Insurance Products and Partners
 
Inclusivity Solutions - InsurTech Innovation Award 2022
Inclusivity Solutions - InsurTech Innovation Award 2022Inclusivity Solutions - InsurTech Innovation Award 2022
Inclusivity Solutions - InsurTech Innovation Award 2022
 
From B2B & B2C to B2B2C
From B2B & B2C to B2B2CFrom B2B & B2C to B2B2C
From B2B & B2C to B2B2C
 
RASHMITA MANONDDRA BLACK BOOK.docx
RASHMITA MANONDDRA BLACK BOOK.docxRASHMITA MANONDDRA BLACK BOOK.docx
RASHMITA MANONDDRA BLACK BOOK.docx
 
Finology - Insurtech Innovation Award 2023
Finology - Insurtech Innovation Award 2023Finology - Insurtech Innovation Award 2023
Finology - Insurtech Innovation Award 2023
 
Banccassurance project for banking & insurance finance
Banccassurance project for banking & insurance   financeBanccassurance project for banking & insurance   finance
Banccassurance project for banking & insurance finance
 
Role of it in Marketing
Role of it in MarketingRole of it in Marketing
Role of it in Marketing
 
The role of integrates marketing communications in life insurancet
The role of integrates marketing communications in life insurancetThe role of integrates marketing communications in life insurancet
The role of integrates marketing communications in life insurancet
 
Social Media a platform to increase sales & visibility - Whitepaper
Social Media a platform to increase sales & visibility - WhitepaperSocial Media a platform to increase sales & visibility - Whitepaper
Social Media a platform to increase sales & visibility - Whitepaper
 
Powerful Interaction Points: Saying goodbye to the channel
Powerful Interaction Points: Saying goodbye to the channelPowerful Interaction Points: Saying goodbye to the channel
Powerful Interaction Points: Saying goodbye to the channel
 
Role of it by gulshan kumar
Role of it by  gulshan kumarRole of it by  gulshan kumar
Role of it by gulshan kumar
 

Plus de Aaryendr

Conflict management
Conflict managementConflict management
Conflict managementAaryendr
 
Technical analysis of hero honda
Technical analysis of hero hondaTechnical analysis of hero honda
Technical analysis of hero hondaAaryendr
 
Tata group
Tata groupTata group
Tata groupAaryendr
 
Role of foreign banks in emerging economies (india)
Role of foreign banks in emerging economies (india)Role of foreign banks in emerging economies (india)
Role of foreign banks in emerging economies (india)Aaryendr
 
Role and impact of media on society final ppt............
Role and impact of media on society final ppt............Role and impact of media on society final ppt............
Role and impact of media on society final ppt............Aaryendr
 
Ppt on condition of fartmers in india
Ppt on condition of fartmers in indiaPpt on condition of fartmers in india
Ppt on condition of fartmers in indiaAaryendr
 
Ppt of indian financial market
Ppt of indian financial marketPpt of indian financial market
Ppt of indian financial marketAaryendr
 
Over the counter exchange vs exchange
Over the counter exchange vs exchangeOver the counter exchange vs exchange
Over the counter exchange vs exchangeAaryendr
 
Near death experience
Near death experienceNear death experience
Near death experienceAaryendr
 
Macro economics
Macro economicsMacro economics
Macro economicsAaryendr
 
Insurance act 1938
Insurance act 1938Insurance act 1938
Insurance act 1938Aaryendr
 
Inflation ppt
Inflation pptInflation ppt
Inflation pptAaryendr
 
Future group ppt
Future group pptFuture group ppt
Future group pptAaryendr
 
Financial planning
Financial planningFinancial planning
Financial planningAaryendr
 
Dematerialisation ppt
Dematerialisation pptDematerialisation ppt
Dematerialisation pptAaryendr
 
Cost of capital
Cost  of capitalCost  of capital
Cost of capitalAaryendr
 
Corporate governance in infosys
Corporate governance in infosysCorporate governance in infosys
Corporate governance in infosysAaryendr
 
Capital asset pricing model
Capital asset pricing modelCapital asset pricing model
Capital asset pricing modelAaryendr
 

Plus de Aaryendr (20)

Conflict management
Conflict managementConflict management
Conflict management
 
Technical analysis of hero honda
Technical analysis of hero hondaTechnical analysis of hero honda
Technical analysis of hero honda
 
Tata group
Tata groupTata group
Tata group
 
Role of foreign banks in emerging economies (india)
Role of foreign banks in emerging economies (india)Role of foreign banks in emerging economies (india)
Role of foreign banks in emerging economies (india)
 
Role and impact of media on society final ppt............
Role and impact of media on society final ppt............Role and impact of media on society final ppt............
Role and impact of media on society final ppt............
 
Ppt on condition of fartmers in india
Ppt on condition of fartmers in indiaPpt on condition of fartmers in india
Ppt on condition of fartmers in india
 
Ppt of indian financial market
Ppt of indian financial marketPpt of indian financial market
Ppt of indian financial market
 
Over the counter exchange vs exchange
Over the counter exchange vs exchangeOver the counter exchange vs exchange
Over the counter exchange vs exchange
 
Near death experience
Near death experienceNear death experience
Near death experience
 
Macro economics
Macro economicsMacro economics
Macro economics
 
Insurance
InsuranceInsurance
Insurance
 
Insurance act 1938
Insurance act 1938Insurance act 1938
Insurance act 1938
 
Inflation ppt
Inflation pptInflation ppt
Inflation ppt
 
Future group ppt
Future group pptFuture group ppt
Future group ppt
 
Financial planning
Financial planningFinancial planning
Financial planning
 
Dematerialisation ppt
Dematerialisation pptDematerialisation ppt
Dematerialisation ppt
 
Cost of capital
Cost  of capitalCost  of capital
Cost of capital
 
Corporate governance in infosys
Corporate governance in infosysCorporate governance in infosys
Corporate governance in infosys
 
Capital asset pricing model
Capital asset pricing modelCapital asset pricing model
Capital asset pricing model
 
Bonds
BondsBonds
Bonds
 

Ifm ppt

  • 7. Following are some Marketing Strategies adopted by the players in the market 1) Shift in product portfolio 2) Value for money 3) Tapping the niche markets 4) Thrust to the rural markets 5) Access to rural areas through RRBs 6) Tapping unconventional distribution channels 7) Cause related marketing 8) De-tariffing in general insurance
  • 9. 10 insurance marketing ideas Emergency Info Wallet Cards Great Email Signature Keep a Voice Recorder in Your Car Get an Online Presence Get in Their Cell Phone Volunteer Automated Voice Message Calls Host a Window Etching Event Door Hangers Good Old Telemarketing
  • 10. Channels Of Distribution The multiple channels helps the insurance companies to tap on the untapped potential and focus on specific market as well. The available distribution channels in the market are as follows: 1)Agent 2)Broker 3)Corporate agent
  • 11. Bancassurance The Bank Insurance Model ('BIM'), also sometimes known as 'Bancassurance', is the term used to describe the partnership or relationship between a bank and an insurance company whereby the insurance company uses the bank sales channel in order to sell insurance products.
  • 12. Swot analysis of bancassurance
  • 13. Worksite Marketing This is relatively inexpensive channel and can be easily launches. It involves sale of financial products and other services to employees through workplace participation and is on voluntary basis. The employees usually pays for the products generally through salary deduction.
  • 14. Internet marketing, also known as digital marketing, web marketing, online marketing, search marketing or e-marketing, is the marketing (generally promotion) of products or services over the Internet. Internet marketing is considered to be broad in scope because it not only refers to marketing on the Internet, but also includes marketing done via e-mail and wireless media. Digital customer data and electronic customer relationship management (ECRM) systems are also often grouped together under internet marketing.
  • 16. Its benefits The opportunity to reduce costs of production by reducing overheads. The opportunity to increase sales. The opportunity to access new markets across the globe. The chance to target market segment more effectively. Improves the efficiency of supply chain.
  • 17. Micro insurance Microinsurance is a term increasingly used to refer to insurance characterized by low premium and low caps or low coverage limits, sold as part of atypical risk-pooling and marketing arrangements, and designed to service low-income people and businesses not served by typical social or commercial insurance schemes.
  • 18. 3 common types of micro insurance plans 1)Life Insurance 2)Health Insurance 3)Livestock or Crop Insurance.
  • 20. PPT By Aaryendr