Uploaded on Apr 13, 2022
Fidypay's Microinsurance protects low-income persons (those earning between $1 and $4 per day) against specific risks in exchange for a recurring premium payment equal to the likelihood & expense of the risks associated. Microinsurance is a type of insurance with minimal rates and coverage limits. By use of insurance as an investment tool at the "micro" (i.e., less than national) level of the society is known as Microinsurance
                     Micro Insurance
                     Micro 
Insurance
Micro insurance is a type of insurance with minimal 
rates and coverage limits. By use of insurance as 
an investment tool at the micro level of the society 
is known as Micro insurance. Fidypay's Micro 
insurance protects low-income against specific 
risks in exchange for a recurring premium 
payment equal to the likelihood & expense of the 
risks associated.
How Micro Insurance 
Works ?
▣ Micro insurance looks to help low-pay 
families by offering insurance plans custom 
fitted to their requirements. Micro insurance 
is in many cases found in agricultural 
nations, where the present insurance 
markets are wasteful or non-existent. Since 
the coverage value is lower than the typical 
insurance plan, the protected individuals pay 
significantly more modest installments.
Advantages of Micro Insurance
  Micro insurance is a way a lot more individuals can 
insure and protect a portion of their most important 
resources. 
 It can carry a sense of security to low-pay families 
who could not bear the cost of insurance previously.
  There is the ability to deal with claims rapidly and 
precisely.
  Research shows that when farmers and other little 
entrepreneurs feel protected by insurance, they will 
face more challenges and put more into new 
undertakings.
To Know More
Visit
https://fidypay.com/product/micro-insurance/ 
                                          
                
            
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