Abstract
Microinsurance is a formal insurance product specifically designed and marketed to low-income individuals. This type of insurance product is to have a significant impact on people who have previously been excluded from mainstream insurance products in South Africa. It is trite that traditional insurance is generally procured by more affluent individuals and may be viewed as more of a luxury purpose, thereby excluding lower-income and more vulnerable individuals in society. Microinsurance may be the missing link in providing affordable insurance coverage to individuals who need it the most. Technology and the use of digital platforms may constitute an effective form of providing access to microinsurance products to vulnerable workers and people. Ultimately, this chapter seeks to examine if digital platforms such as mobile phones may be utilised in providing access to microinsurance products, thereby promoting social justice for vulnerable people and workers in South Africa.
| Original language | English |
|---|---|
| Title of host publication | Sociolegal Challenges for the Social Justice Continuum |
| Subtitle of host publication | Perspectives from India and South Africa |
| Publisher | Taylor and Francis |
| Pages | 106-119 |
| Number of pages | 14 |
| ISBN (Electronic) | 9781040255902 |
| ISBN (Print) | 9781032448503 |
| DOIs | |
| Publication status | Published - 1 Jan 2024 |
ASJC Scopus subject areas
- General Social Sciences
