IMPACT OF MICROINSURANCE :A CASE STUDY OF MEDINIPUR DISTRICT,WEST BENGAL

Authors

  • Dr. Sreemoyee Guha Roy Assistant Professor Accounting and Finance St.Xavier’s College (Autonomous), Kolkata

Keywords:

Demographic profile, Impact, Risk Coping Strategy

Abstract

Humans always have the main aim to reduce risk and uncertainty in their lives.Microinsurance is a tool for rural poor in providing greater economic and psychological security as it reduces exposure to multiple risks and decreases the impact of a disaster.there is a great demand for social protection among the poor. financial inclusion of the poor by providing them with access to savings,credit and insurance forms an integral part of the package of livelihood promotion services that the poor require.

This paper tries to throw light on the above issues but focussing on Medinipur district of West Bengal.A mix of qualitative and quantitative methods such as household surveying, direct observation, key-informant interviews, were employed for data collection.The primary data has been collected from respondents of villages of this district. Tools applied to analyse the primary data were percentage and chi square analysis. The main objective of the study is to estimate the demand for different microinsurance products.

References

References

Churchill, C. (2006), What is insurance for the poor? in C. Churchill (ed.), Protecting the poor, A microinsurance compendium, International Labor Organisation, Geneva.

Dercon, S. (1996), Risk, Crop Choice and Savings: Evidence from Tanzania, Economic Development and Cultural Change, 44(3): 385-514

Dercon, S. (2008), Risk, Poverty and Human Development: what do we know, what do we need to know?, Background paper to the Human Development Report 2008

Sen, A.K. (1981), Poverty and famines: An Essay on Entitlement and Deprivation, Clarendon Press, New York

Murdoch, J. (2004), Microinsurance - The Next Revolution? in A. Banerjee, R. Benabou and D. Mookherjee (Eds.), What Have We Learned About Poverty? Oxford University Press, New York

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Published

2015-08-31

Issue

Vol. 4 No. 9 (2015): AUGUST 2015

Section

Articles

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