MICRO INSURANCE - AN INTRODUCTION
Summary
In this study, chapter 1 highlights the meaning of insurance, and its history at the world level way
back from 3rd million BC to till today and at the Indian level from 1818. The further chapter
discussed the concept and environment of microinsurance, its structure, the necessity of microinsurance, Products, Development, major players, the role of government & present position of
microinsurance in India. The chapter also described how microinsurance provides social
security to unprivileged people and makes social changes in society. In this chapter, the growth
of microinsurance businesses at both individual & group levels in public and private insurance
companies has been discussed and analyzed.
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