Question

Which market areas do Micro Insurance product concentrate?
a) People with large families
b) people with low income
c) people employed with the government
d) people with high income

Answer 1

hlo mate ✌️

Option B is correct .

Hope it helps

Answer 2

The correct answer is B

Explanation:

• Micro-insurance is the financial arrangement, which aims or focus to protect the low income people against particular perils in return for the regular payments, that is proportionate directly to the risk as well as cost involved.

• The target or focused population of micro-insurance comprise of the people, those who are ignored by the mainstream  social insurance and commercial schemes and also those people who earlier does not have access to any of the insurance products.

• Therefore, the people with low income is the market area on which  micro insurance product focus.

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