Conventional and Micro Insurance Conventional InsuranceMicroinsurance Delivery Channels Sold by licensed agents or brokers to wealth, middle class, or companies that typically understand insurance Often sold by unlicensed non-traditional agents to low-income persons, preferably in groups requiring significant consumer education Control efficiencies Screening requirements may include a medical examination, or other tests Death certificates confirming event If there are any screening requirements, they are very limited to limit costs Confirmation by local leaders Premiums Typically regular annual, quarterly, monthly.
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