Enrolment in Micro Life and Health Insurance: Evidences from Sri Lanka

Mirko Bendig () and Thankom Arun
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Mirko Bendig: German Institute for Global and Area Studies

No 5427, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: Microinsurance is an emerging concept protecting households from the potentially catastrophic expenditures associated with family related shocks. Therefore, this paper presents evidence on the determinants of insurance participation using probit models on household survey data from Sri Lanka, conditional on household's microfinance institution enrolment. Further, we employ multivariate probit regressions to analyse factors affecting the participation in different types of insurance. We find that the household’s experience of a family related shock is positively associated with the participation in micro health insurance schemes under study. There is strong evidence that microinsurance has not yet succeeded in proportionately reaching the most vulnerable households. Notably, education of the household head is a strong determinant of microinsurance participation.

Keywords: microinsurance; household behaviour; Sri Lanka (search for similar items in EconPapers)
JEL-codes: G22 O16 R22 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2011-01
New Economics Papers: this item is included in nep-hea, nep-ias and nep-mfd
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

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