Microinsurance

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Wiktionary, Creative Commons Attribution/Share-Alike License
  • n. A type of microfinancial service aimed at low-income people and communities, and typified by low premiums and coverage limits
  • Word Usage
    "So-called microinsurance costs the customer as little as 67 cents a year and is designed to help low-income individuals limit their financial risk when they buy construction material or fertilizers."
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