Mohammed Ahmar Uddin
Microinsurance in India: Insurance literacy and demand
Dhofar University
microinsurance offers policies cover four types risk life health accidental property key element financial inclusion poorthis study examined influence insurance literacy demographics likely hood microinsurance policythe survey conducted national capital region ncr indiamicroinsurance literacy measured using quizthe demographic variables included study gender age education marital status income type employmentdata analysis performed using descriptive statistics binary logistic regression analysisresults show insurance literacy score income employment education increased likely hood owning insurance policyfurthermore found average insurance literacy 36 75microinsurance provide risk coverage poor vulnerable section society far almost 90 percent indian population uninsuredthis study warranted need create model identifies sections society unlikely microinsurance thus contributing low offtake insurancethis study may beneficial government terms regulations insurance providers designing products nongovernmental organizations ngos reach unlikely groups