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Empowering The Society: A Comprehensive Look At Micro Insurance Industries In India




R Mohamed Salman Aziz, SRM School of Law


ABSTRACT


Insurance is a legal contract between two parties the insured (the individual or company who takes the policy from the company) and the insurer (the company which provides insurance), where the latter pays the specific amount of money to the former, in case any unfortunate event or crisis arises. Micro Insurance is the insurance for the low-income people. This section of people are always prone to be in danger, which makes them incapable of handling unpredicted situations. This research paper provides an overview on microinsurance in India. The study delves into the history of microinsurance, its development, the products offered, the delivery methods and the regulatory body.

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Indian Journal of Law and Legal Research

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Abbreviation: IJLLR

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ISSN: 2582-8878

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Website: www.ijllr.com

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Accessibility: Open Access

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License: Creative Commons 4.0

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Submit Manuscript: Click here

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Licensing: ​

 

All research articles published in The Indian Journal of Law and Legal Research are fully open access. i.e. immediately freely available to read, download and share. Articles are published under the terms of a Creative Commons license which permits use, distribution and reproduction in any medium, provided the original work is properly cited.

 

Disclaimer:

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The opinions expressed in this publication are those of the authors. They do not purport to reflect the opinions or views of the IJLLR or its members. The designations employed in this publication and the presentation of material therein do not imply the expression of any opinion whatsoever on the part of the IJLLR.

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