IRDAI panel suggests 'micro insurance' modules for low-income group, small businesses

'MI' aims to protect low-income people with insurance products that are affordable. The objective of MI is to empower people to cope with and recover from common risks such as death of the breadwinner, paying for treatment of serious illnesses, reconstructing destroyed homes and businesses, among others.

from Banking/Finance-Industry-Economic Times https://ift.tt/OUo46hP