Micro-life insurance on rise
When 46-year-old Than Thol got a $900 loan from Samic Microfinance last year, he took advantage of a little-known and lengthily worded insurance program called Measure for Economic and Accelerated Development for All, or MEADA. MEADA provides coverage for families of mostly lower-income borrowers in the case of an accidental death. For an annual payment of $15, Thol is shielded against confiscation of his collateral in the event that he dies before paying off the loan. … Early last year, Prevoir Kampuchea Micro-life Insurance (PKMI), a subsidiary of France’s Prevoir life and health insurance group, began offering policies with coverage ceilings of $5,000 to Cambodians in mostly rural areas and with limited incomes. …
http://www.phnompenhpost.com/2013060466033/Business/micro-life-insurance-on-rise.html
