For more information about microinsurance, check out the ILO's Emerging Insights, which provide bite-sized lessons from microinsurance practitioners about various themes including distribution, client value, product design and others. Be sure to check out the latest edition of the ILO's Emerging Insights at the link above featuring one of our latest MILK project papers and also Barbara Magnoni and EA Consultants!
|Name:||MILK Brief #11: Doing the Math: Health Microinsurance in Maharashtra, India|
The MILK project partnered with the global insurance intermediary MicroEnsure to study the extent to which a health microinsurance product covering inpatient care offered value to clients in terms of reduced spending and improved access. There is strong evidence that insurance can reduce the out-of-pocket spending for families when large health crises hit (Ekman, 2004; Devadasen et al., 2007; Wagstaff, 2007), features, exactly how benefits are delivered, and the socio-economic characteristics of the target community. Our findings suggest that while the insurance coverage offered some relief, access to low-cost loans and the ability to divert current income toward the costs of the health crisis remained critical to clients’ ability to finance these costs.
|Filename:||MILK Brief #11 - Health MI in India.pdf|
|Author:||Barbara Magnoni and Taara Chandani for MILK|