Report ID: AI551 | Number
of Pages: 240 | Publish Date: 2025-02-11
Microinsurance refers to providing affordable insurance for individuals with low income, aiding them in managing and recovering from financial setbacks. Microinsurance is an important safety measure for those who are economically vulnerable, by providing personalized protection from different risks and uncertainties. Microinsurance offers affordable and accessible health coverage for those with low incomes. It assists in shielding from the financial burden of unforeseen medical costs, which frequently result in debt or financial difficulty. This coverage could cover costs for hospital stays, medical treatments, and occasionally, preventative services.