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GIZ microinsurance GIZ microinsurance

The role of microinsurance for social protection in India

Microinsurance is one possible instrument to manage risks and to reduce the vulnerability of poor and lowincome households. From a social protection perspective, the benefits of microinsurance are often most effective when embedded in a comprehensive social protection framework. Microinsurance can help close the gaps in overall social protection that particularly affect informal sector workers.

This report analyses microinsurance linked to the Indian social protection system and, as such, will focus on the risks that are officially recognised in the Government of India’s strategies and social protection bills. It will also look at the most important national social assistance programmes in terms of strategic relevance, scale and impact. Secondly, it will focus on those risks that can be covered by microinsurance such as death, accident and disability, health, old age and weather-related catastrophic risks.