The Securities and Exchange Commission of Pakistan (SECP) has approved a new micro-insurance plan that
will cover the health
costs of clients of microfinance institutions who fall in the low-income bracket.
The programme titled, First Sehat Tahafuz Plan, is part of the government’s aim of promoting micro-insurance market in Pakistan.
The federal government itself recently adopted the National Financial Inclusion Strategy (NFIS).
Micro-insurance is an important step towards bringing financial inclusion through the insurance sector.
Most low-income households face unpredictable financial burdens, such as illness, accidents, and disability, deaths, natural disasters.
Published in The Express Tribune, May 3rd, 2016.
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