Micro-insurance: Protecting against risks
Micro-insurance is an important step towards bringing financial inclusion through the insurance sector
ISLAMABAD:
The Securities and Exchange Commission of Pakistan (SECP) has approved a new micro-insurance plan that
costs of clients of microfinance institutions who fall in the low-income bracket.
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.
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.