MILK Brief n°12 - Doing the Math in Karnataka, India
Magnoni; Barbara, Emily Zimmerman and Taara Chandani, MILK Breif n°12, MicroInsurance Centre, June 2012
This study investigates the financial value of a health microinsurance product offered to clients of the microfinance institution Grameen Koota in India. Families that recently suffered one of several similar illnesses resulting in hospitalisation were interviewed, and the study found that insured respondents had substantially lower direct hospital expenditures than uninsured patients. However, the relative benefit of the insurance becomes less apparent when other associated costs are taken into account, including indirect expenses and in particular, opportunity costs.
The findings suggest that the product may not have greatly reduced the financial burden of illness on insured households, but may have increased access to high quality private health care services to a group that was otherwise unlikely to use these services.
Feasibility Study for the Development and Implementation of Index-Based Crop Micro-Insurance for Cotton Farmers
PlaNet Guarantee, FMO Entrepreneurial Development Bank, October 2011
The aim of this feasibility study is to examine the potential and feasibility for index-based crop insurance for the cotton sector in Tajikistan. The study was carried out after a methodology assessment was performed based on secondary data collection, field missions, focus group surveys, through direct and conference call meetings, as well as desk work analysis based on the DSSAT crop estimation model.
A Case for Livestock Insurance
Dalal; Aparna, K. Gopinath, Sarfraz Shah, Gourahari Panda, ILO, Microinsurance paper n°17
The case presents lessons from IFFCO-TOKIO's implementation of a livestock insurance product using radio-frequency identification technology. It outlines how IFFCO-TOKIO improved value for clients through new business processes. The case shows that if administered carefully, livestock insurance has the potential to be viable.
MILK Brief n°11 - Doing the Math - Health Microinsurance in Maharasahtra, India
Magnoni; Barbara and Taara Chandani, MILK Brief n°11, MicroInsurance Centre, June 2012
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, though the extent of this protection depends on the specific product features, exactly how benefits are delivered, and the socio-economic characteristics of the target community. MILK’s 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.