Improving Credit Life Microinsurance

This paper examines the status of credit life microinsurance and formulates ways to improve the overall quality of credit life products. It discusses what credit life insurance is and how it is structured; who benefits from this coverage, how good value for clients is measured and achieved, and how credit life products could be expanded to offer greater value to clients. The paper examines operational considerations necessary to improve credit life products and builds a data pool through a survey conducted with thirty organizations. It concludes with recommendations for the development and implementation of credit life products.