Microfinance organizations can offer a variety of services, and recently insurance has become a popular tool for families and communities to help protect their assets. While not offered on as large of a scale as micro-lending, microinsurance can nonetheless help people where it is offered. Here we can learn about asset-pooling, risk management, and the various products offered by insurance arrangements.
In a basic sense, microinsurance can be broke down into two categories:
In this section we will review both of these groups in more detail, and review critical information that will help you keep you and your loved protected in case of an emergency.