Microinsurance definitions

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Microinsurance

Microinsurance logo #10101) Type of insurance
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Microinsurance

Microinsurance logo #21000 Microinsurance is the protection of low-income people (those living on between approximately $1 and $4 per day) against specific perils in exchange for regular premium payment proportionate to the likelihood and cost of the risks involved. This definition is exactly the same as one might use for regular insurance except for the clearly prescribed ...
Found on http://en.wikipedia.org/wiki/Microinsurance
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