Assistant Professor, Department Of Commerce, Mgr College Of Arts & Science, Dr Mgr Nagar, Hosur – 635109
Online published on 13 June, 2013.
Micro insurance is the protection of low -income people against specific perils in exchange for regular premium payments proportionate to the likelihood and cost of the risk involved. Low-income people can use micro insurance, where it is available, as one of several tools (specifically designed for this market in terms of premiums, terms, coverage, and delivery) to manage their risks.
Earned premium, Incurred expenses, Incurred claims, Micro insurance, Net income
