Archives for 2009

In the Integrated Model of micro-insurance, an institution offers more than one service to its members. One of the various services catered to the members is micro-insurance. Integration of various services has the benefit of satisfying the various demands of the members so as to improve the quality … [Read more...] about 18. Micro-Insurance: Types – The Integrated Model

In the Provider Model, the health care provider is providing the insurance services. Health institutions under social obligation or pursuing a social objective develop the health micro-insurance scheme for people who have limited access to health care. In many cases, the scheme promoted by these … [Read more...] about 17. Micro-Insurance: Types – The Provider Model

In the Partnership type of micro-insurance model, a formal public or private insurance company is the service provider, which offers an insurance product in health, life, maternity benefits, childcare, assets, livestock etc. An intermediary organisation (CBO/NGO etc) makes a partnership with the … [Read more...] about 16. Micro-Insurance: Types – The Partnership Model

In the Independent Model type of micro-insurance, the micro-insurance scheme and the service provider have no direct relationship. Here, the insured members are free to chose any health care provider and the scheme will directly reimburse to the members the costs of the services used, as defined in … [Read more...] about 15. Micro-Insurance: Types – The Independent Model

The principles of micro-insurance are:Risk-sharing and Pooling of Resources: The main principle of any micro-insurance scheme is that a group’s (community) resources are pooled to share risks (such as health, death, pension, accidents etc) in order to organise protection directly for … [Read more...] about 14. Micro-Insurance: Principles of Micro-Insurance

Insurance is a kind of a financial service whereby clients pay a premium on regular basis in return for reimbursement at higher rate when a risk occurs. In principle, it is one of the risk management tools to counter the losses suffered from a crisis. It is a pool of resources developed by the … [Read more...] about 13. Micro-Insurance: Definition

Women and men working in the informal economy are exposed to numerous kinds of risks as they work under difficult work conditions. These conditions are characterised by risks associated with lack of hygiene, poor access to health care services and no fixed wages at fixed times. Besides, during times … [Read more...] about 12. Micro-Insurance: Risks in the Informal Economy

According Robert Holzmann and Steen Jorgensen, “the notion of risk refers to uncertainty or unpredictability that result in welfare losses.” There can be different types of risks ranging from natural, health, social, economic, political and environmental. Bonilla Garcia and J.V. Gruat have broadly … [Read more...] about 11. Micro-Insurance: Risks

Social protection is definitely a need in the growing world. It has been acknowledged as a fact that both social protection and economic development are mutually reinforcing each other. Besides, it is playing an important role in promoting social justice and equity and reducing poverty. Following … [Read more...] about 10. Micro-Insurance: The Need for Social Protection

The introduction of social protection has often been considered as one of the most significant social achievements of the 20th Century. It is perceived to be one of the systematic tools to eradicate poverty and enable the vulnerable sections of the society to live a decent life. It is also said … [Read more...] about 9. Micro-Insurance: Social Protection is a Human Right