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From participation to repurchase: Low income households and micro-insurance

Renuka Sane () and Susan Thomas ()

Indira Gandhi Institute of Development Research, Mumbai Working Papers from Indira Gandhi Institute of Development Research, Mumbai, India

Abstract: The paper asks what drives insurance coverage in low income households by analysing repurchase patterns of micro-insurance policies. We use 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 (search for similar items in EconPapers)
JEL-codes: D14 G21 G22 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2016-07
New Economics Papers: this item is included in nep-ias and nep-mfd
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http://www.igidr.ac.in/pdf/publication/WP-2016-019.pdf (application/pdf)

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 (2017) Downloads
Working Paper: From participation to repurchase: Low-income households and micro-insurance (2016) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:ind:igiwpp:2016-019

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