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From Participation To Repurchase: Low Income Households And Micro-Insurance

Renuka Sane () and Susan Thomas ()

Working Papers from eSocialSciences

Abstract: The paper asks what drives insurance coverage in low income households by analysing repurchase patterns of micro-insurance policies. The paper uses data on customers of a financial services provider from three states in India and find that the probability of repurchase is highest in the first two months after the contract expires, and steadily declines after. This suggests a window of opportunity for financial firms and governments to target customers to ensure continuous insurance purchase. Non-membership of micro-finance groups and poor rainfall in the month of expiry affect the chance of repurchase adversely. Customers who take longer to repurchase tend to increase the amount of insurance cover.

Keywords: micro-insurance; credit; repurchase; India; Customers; adoption; hedging; policies; insurance premium; randomised; treatment; literature; fi nancial; experiment; joint-liability (search for similar items in EconPapers)
Date: 2017-05
Note: Institutional Papers
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Related works:
Journal Article: From Participation To Repurchase: Low Income Households And Micro‐insurance (2020) Downloads
Working Paper: From participation to repurchase: Low-income households and micro-insurance (2016) Downloads
Working Paper: From participation to repurchase: Low income households and micro-insurance (2016) Downloads
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