Microinsurance: Bibliography of Unclassified Literature

Abstract

The benefits of financial services for the poor are now universally acknowledged, and the practice of microcredit is becoming common in developing countries. In comparison, microinsurance – insurance for the poor – which has the potential to significantly aid millions of poor people, has received limited attention. Microfinance is itself one of the most important, remarkable phenomena in developing the socio-economic environment of the poor. Because of their poor socioeconomic background, most financial institutions thought the poor were not bankable. Microfinance has proved that these poor can be made creditworthy if they are organized in small groups. Microinsurance is the term used to refer to insurance for low-income people, as it is different from general insurance, where microinsurance is a low-value product with less premium and benefits. This article provides a collection of bibliography of unclassified literature on the various aspects of microinsurance.