Most small businesses do not buy insurance policies. Largely because of high premiums and poor access to rigid supply driven insurance products. This situation leaves MSMEs without coverage. Millions of small businesses fold up every day in the face of the slightest incidence.
We are working with NAICOM to develop a demand driven and customer centered micro-insurance policy for MSMEs. This is designed to pool small businesses in clusters and define their insurance needs. These needs are presented to SME friendly insurance companies to provide coverage with affordable premiums.