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India Microinsurance Market Report 2021-26: By Product Type (Property Insurance, Health Insurance, Life Insurance)

By on October 21, 2021 0

Indian microinsurance market

SHERIDAN, ALABAMA, UNITED STATES, October 21, 2021 / – According to the latest IMARC group report, entitled “Indian microinsurance market: Industry Trends, Share, Size, Growth, Opportunities and Forecast 2021-2026 ”, the Indian microinsurance market is currently experiencing moderate growth. Looking ahead, the market is expected to experience moderate growth during the period 2021-2026.

Microinsurance is a component of microfinance that provides coverage to households with limited access to income and low value assets. He formulates tailor-made plans for individuals who belong to the weaker part of society with a low premium rate. Microinsurance provides compensation for illness, injury, disability and death. It provides a safety net against unexpected losses and sky-high interest rates charged by unorganized money lenders.

As the novel coronavirus (COVID-19) crisis sweeps the world, we are continuously monitoring changes in markets, as well as consumer buying behaviors around the world – our estimates on the latest market trends and values. forecasts after examining the impact of this pandemic. These observations will be incorporated into the report.

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Market trends:

Actors in the growing financial sector, such as non-governmental organizations, microfinance institutions and donors, are the driving force behind the Indian microinsurance market. In addition, the increasing advancements that help microinsurance to be provided through agent partner, full service, community based, etc. are also propelling the market growth. In addition to this, microinsurance policies are gaining ground due to their many advantages and further strengthen the global market. Moreover, the increasing addition of innovative features offers policies with limited risks and reduced overall costs, which is expected to meet the growth of the microinsurance market in India.

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Key market segmentation:

Breakdown by product type:

Home Insurance
Health insurance
Life insurance
Index insurance
Accidental death and disability insurance

Breakdown by supplier:

Microinsurance (commercially viable)
Microinsurance through government aid / support

Breakdown by model type:

Partner agent model
Full service model
Supplier-centric model
Community / mutual model

Breakdown by region:

North India
West and Central India
South India
Eastern india

Competitive landscape:

The competitive landscape of the industry was also examined along with the profiles of the major players.

Highlights of the report:

Market performance (2015-2020)
Market Outlook (2021-2026)
Porter’s Five Forces Analysis
Market drivers and success factors
SWOT analysis
Value chain
Complete mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.

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About Us:

The IMARC group is a leading market research company providing management strategies and market research worldwide. We partner with clients across industries and regions to identify their most exciting opportunities, address their most critical challenges and transform their businesses.

IMARC’s information products include key business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasting and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and new processing methods are at the top of the market. business expertise.

Elena Anderson
IMARC Services Private Limited
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