Microinsurance is a risk management and social protection mechanism of poor and low-income people against specific perils in exchange for regular premium payment proportionate to the likelihood and cost of the risks involved.

1. Presented by:
Hasib Ahmed
Deputy Coordinator,
DIISP
PKSF, Dhaka,
Bangladesh.

2. “Core Elements/Characteristics of
Microinsurance”
Insurance principles
Accessibility
Affordability
Flexibility
Simplicity

3. “Key Features of Microinsurance
Across the Insurance Value Chain”
Target Market
Product Design
Marketing & Distribution
Underwriting
Administration
Claims Handling
Asset Management

4. Financial Inclusion
Social Protection
Commercial Aspect
Macroeconomic Stability

5. “Risk Management tool for the
poor/low-income people”
Health
Financial
Lifecycle
Disaster

6. “Products are Designed
According to Risk Category”
Credit Life
Term Life/Personal accident
Savings Life
Property Insurance
Endowment Life
Health Insurance
Agriculture

7. “Different Business Models for
Microinsurance”
Direct
Partner Agent
Mutuals/Communities/Cooperatives
Provider
Takaful
Public Private Partnership (PPP)

8. “Key Issues and Challenges
Faced by the Microinsurance
Players”
Demand Side
Operational Risk Management
Underwriting
Distribution
Market
Infrastructure
Regulatory
Others