Dr. Rajesh Kumar
Abstract:
The Insurance Regulatory and Development Authority of India (IRDAI) has evolved \r\nmicroinsurance policies to promote insurance coverage among the economically vulnerable \r\nsegments of society. A microinsurance product is designed to meet the needs of people whose \r\nmain requirement is basic life insurance coverages, such as the payment of an insurance benefit \r\nupon death of livelihood, family or health insurance, etc. The Microinsurance Regulation \r\n(2005) has helped the growth of regulated microinsurance in India. The present study is an \r\nattempt to measure the performance of micro insurance in India under individual as well as \r\ngroup category.