Being a sub-segment of the conventional insurance industry, microinsurance has imbibed both the positives and negatives characteristics of the larger industry, specifically in the life insurance segment.
Insurance industry of India achieved one of the highest growth rates in the world. Post liberalization in 2000, Indian insurance industry has grown at the average rate of 15-20% every year. Microinsurance also developed as a sub-segment of the insurance industry in this period.
1 min
Nov 5, 2012 by Premasis Mukherjee and Sunil Bhat
Being a sub-segment of the conventional insurance industry, microinsurance has imbibed both the positives and negatives characteristics of the larger industry, specifically in the life insurance segment.
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