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Ashok Kotwal
On demonetisation
Posted on: 23 Dec 2016
On the evening of 8 November, the Prime Minister announced on national television that Rs. ... read on »
A symposium on Piketty: Introduction
Posted on: 15 Jun 2015
Thomas Piketty’s book on ´Capital in the Twenty First Century’ has made waves. The f ... read on »
Emerging challenges: Economic and social
Posted on: 06 Aug 2014
To mark the second anniversary of I4I in July 2014, we invited two eminent scholars – Abhi ... read on »

Tag: insurance

Why is labour mobility in India so low?
Kaivan Munshi , Mark Rosenzweig
Posted on: 04 Jul 2016
Topics:   Jobs


Rural-to-urban migration is surprisingly low in India, compared with other large developing countries, leaving higher paying job opportunities unexploited. This column shows that well-functioning rural insurance networks are partly responsible, as they incentivise adult males to remain in villages. Policies that provide private credit to wealthy households or government safety nets to poor households would encourage greater labour mobility, but could have unintended distributional consequences.
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Public health insurance for tertiary diseases: Lessons from Andhra’s Aarogyasri programme
Sisir Debnath , Tarun Jain
Posted on: 12 Apr 2016
Topics:   Health


Private health insurance covering tertiary diseases is limited to the upper middle class in India. One reason for low take-up of publicly-financed health insurance among economically weaker sections is that treatment of tertiary diseases relies critically on specific information on facilities and treatment options. This column presents evidence from Andhra’s Aarogyasri programme suggesting that community networks might be an important channel through which such information is obtained.
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Why India needs unemployment insurance
Priya Ranjan
Posted on: 11 Mar 2015
Topics:   Jobs


The central government is contemplating reform of labour laws, including those that restrict the ability of firms to fire workers. This column contends that social protection needs to be kept in mind while designing these reforms. It makes a case for publicly-provided unemployment insurance in India and argues that labour laws should protect workers, not jobs.
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Estimating losses to consumers due to mis-sold life insurance policies
Monica Halan , Renuka Sane , Susan Thomas
Posted on: 19 Feb 2014
Topics:   Finance
Tags:   insurance


Mis-selling of financial products has prompted regulators in India to work on consumer protection in financial markets. However, evidence on actual mechanisms and extent of mis-selling is lacking. This column estimates losses to consumers owing to mis-selling of Unit Linked Insurance Products in India between 2004-2005 and 2009-2010 – one of the biggest episodes of malpractice in the country’s finance sector.
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Willingness to pay for index-based crop microinsurance in India
Janani Ramasubramanian
Posted on: 22 Apr 2013
Topics:   Finance , Agriculture


Given the significance of the agricultural sector in India and its vulnerability, an adequate and sustainable risk management system is critical. However, uptake of microinsurance is quite low. This column presents research that shows that while there is awareness regarding market-based formal insurance schemes, people continue to be more comfortable relying on own savings or informal borrowing, which can only help manage small shocks or losses.
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Formally insuring the informally insured
Mushfiq Mobarak
Posted on: 16 Nov 2012
Topics:   Finance , Agriculture


Rainfall is critical for the livelihoods of millions of Indians – yet many have no formal insurance if the rains fail. This column looks at what happens when a new formal insurance policy based on the weather is offered at random to farmers and farm workers across several states in India.
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