micro-insurance

Micro-insurance is a form of insurance designed for low-income individuals or communities, offering affordable coverage for risks like health issues, accidents, or property damage. It provides financial protection with smaller premiums and benefits tailored to their needs. By making insurance accessible and affordable, micro-insurance helps people manage unexpected expenses, improve their resilience against setbacks, and promote economic stability, especially in underserved populations. It plays a vital role in extending the safety net to those who might otherwise be excluded from traditional insurance services.