India Microinsurance Market Report 2021-26: By Product Type (Property Insurance, Health Insurance, Life Insurance)
SHERIDAN, ALABAMA, UNITED STATES, October 21, 2021 /EINPresswire.com/ – According to the latest IMARC group report, entitled “Indian microinsurance market: Industry Trends, Share, Size, Growth, Opportunities and Forecast 2021-2026 â, 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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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.
Explore the full report with table of contents and list of figures: https://www.imarcgroup.com/india-microinsurance-market
Key market segmentation:
Breakdown by product type:
Breakdown by supplier:
Microinsurance (commercially viable)
Microinsurance through government aid / support
Breakdown by model type:
Partner agent model
Full service model
Community / mutual model
Breakdown by region:
West and Central India
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
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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