This document discusses death claims under micro insurance portfolios. It provides an overview of micro insurance, which targets low-income segments of the population with affordable insurance products. Micro insurance aims to provide coverage through low-price, high-volume policies in order to keep transaction costs down. The paper attempts to discuss death claim processes under micro insurance policies for both individual and group policyholders. It focuses on the importance of micro insurance in anticipating risks for those who cannot typically afford traditional insurance products.

1. KIJECBM/JUL-SEP15/VOL-2/ISS-3/A4 ISSN:2348-4969
IMPACT FACTOR(2015) - 3.9581
Copyright © 2015 Published by kaav publications. All rights reserved www.kaavpublications.org
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KAAV INTERNATIONAL JOURNAL OF ECONOMICS,COMMERCE &
BUSINESS MANAGEMENT
DEATH CLAIM UNDER MICRO INSURANCE PORTFOLIO
Dr. C. Paramasivan Ph.D
Assistant Professor
S.Rajaram
Ph.D Research Scholar
Periyar EVR College (Autonomous)
Tiruchirappalli, Tamil Nadu
Abstract
Insurance is needed to everyone to anticipate the risks in future which are available in
different segments and products. There are a number of products offered by all registered life
insurance companies and non life insurance targeting low income segment of the population such
as Janata Personal Accident policy, Gramin Personal Accident Policy, Cattle or live stock
insurance, etc. Further, there are a number of tailor-made or group micro insurance policies
offered by private and public insurers for the benefit of these segments. Micro insurance being a
low price, high volume business, its success and sustainability depends mainly on keeping the
transaction cost down. This paper made an attempt to discuss the overview of micro insurance
death claim.
Key Words: Micro insurance, Death claim, individual and group category, policy holder