From participation to repurchase : low income households and micro-insurance

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<titleInfo>
<title>From participation to repurchase</title>
<subTitle> : low income households and micro-insurance</subTitle>
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<namePart>Thomas, Susan</namePart>
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<abstract displayLabel="Summary">The article asks what drives the time to repurchase for life and accident insurance contracts in low income households. We use data on customers of a financial services provider from three states in India and find that the probability of repurchase is highest in the first 2 months after the contract expires, and steadily declines after. This suggests a window of opportunity for financial firms and governments to target customers to ensure continuous insurance purchase. Nonmembership of microfinance groups and poor rainfall in the month of expiry affect the time to repurchase adversely. Customers who take longer to repurchase tend to increase the amount of insurance cover.</abstract>
<note type="statement of responsibility">Renuka Sane, Susan Thomas</note>
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<topic>Microseguros</topic>
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<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080584290">
<topic>Contrato de seguro</topic>
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<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080570590">
<topic>Seguro de vida</topic>
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<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080624972">
<topic>Seguro multirriesgo del hogar</topic>
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<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080553630">
<topic>Coberturas</topic>
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<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080663636">
<geographic>India</geographic>
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<classification authority="">219</classification>
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<title>The Journal of risk and insurance</title>
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<publisher>Nueva York : The American Risk and Insurance Association, 1964-</publisher>
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<identifier type="issn">0022-4367</identifier>
<identifier type="local">MAP20077000727</identifier>
<part>
<text>01/09/2020 Volumen 87 Número 3 - septiembre 2020 , p. 783-814</text>
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