Patterns of Rainfall Insurance Participation in Rural India

This paper describes the contract design and institutional features of an innovative rainfall insurance policy offered to smallholder farmers in rural India, and presents preliminary evidence on the determinants of insurance participation. Insuranc...

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Bibliographic Details
Main Authors:	Gine, Xavier, Townsend, Robert, Vickery, James
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCESS TO CREDIT ACCOUNTING ACCURATE ESTIMATE ADDITIONAL INCOME ADMINISTRATIVE CHARGE ADMINISTRATIVE COSTS ADMINISTRATIVE RECORDS AGENTS AGRICULTURAL ECONOMICS AGRICULTURAL INCOME AGRICULTURAL INSURANCE AGRICULTURAL SECTOR ASSET MARKETS ASYMMETRIC INFORMATION BANK ACCOUNT BANK FEES BASIS RISK BID BORROWER BORROWING BUSINESS SCHOOL BUYER BUYERS CALCULATION CALCULATIONS COLLATERAL COMMODITY COMMODITY PRICE CONSUMER CONSUMPTION SMOOTHING CONTRACT DESIGN COVERAGE CREDIT AVAILABILITY CREDIT CONSTRAINTS CREDIT INSTITUTION CREDIT OUTSTANDING CREDIT PRODUCTS CREDIT RATIONING CREDIT WORTHINESS CROP FAILURE CROP INSURANCE CROP INSURANCE SCHEME CROP LOAN CROP LOANS DEBT DEBTOR DEFAULTS DEGREE OF RISK DEPOSITS DEVELOPING COUNTRIES DISCOUNT RATE DISCOUNT RATES DROUGHT DUMMY VARIABLE DUMMY VARIABLES EDUCATION LEVEL EQUILIBRIUM MODELS EXCHANGE RATE EXPENDITURE EXPENDITURES FAMILY MEMBERS FARMER FEDERAL RESERVE FEDERAL RESERVE BANK FEDERAL RESERVE BANK OF NEW YORK FINANCIAL CONSTRAINTS FINANCIAL INNOVATIONS FINANCIAL INSTITUTION FINANCIAL PRODUCT FINANCIAL SERVICES FINANCIAL SYSTEMS FIRE INSURANCE FIXED COSTS FORMAL EDUCATION FORMAL FINANCIAL INSTITUTION FORMAL FINANCIAL INSTITUTIONS FUTURE INCOME GENDER GOVERNMENT ASSISTANCE GOVERNMENT CROP INSURANCE GOVERNMENT SUBSIDIES GROSS REVENUE GROUP LENDING HEALTH INSURANCE HIGH INTEREST RATES HOUSEHOLD INCOME HOUSEHOLD WEALTH HOUSEHOLDS IMPERFECT INFORMATION INCOME INCOME SHOCKS INCOME SMOOTHING INCOME VOLATILITY INSURANCE INSURANCE BUYERS INSURANCE CLAIMS INSURANCE CONTRACTS INSURANCE EXPENDITURES INSURANCE MARKET INSURANCE MARKETS INSURANCE POLICIES INSURANCE POLICY INSURANCE PRODUCT INSURANCE SCHEME INTEREST RATE INTEREST RATES INTERNATIONAL BANK JOB LOSS LACK OF COLLATERAL LACK OF CREDIT LANDOWNER LIFE INSURANCE LIQUID ASSETS LIQUID SAVINGS LOAN LOAN APPLICATIONS LOCAL AREA BANK LOCAL FINANCIAL INSTITUTIONS LUMP SUM MARKET VALUE MARKETING MICRO-CREDIT MICRO-INSURANCE MICROCREDIT MICROFINANCE MICROFINANCE INSTITUTION MICROFINANCE LOANS MICROINSURANCE MIGRATION MITIGATION MORAL HAZARD OUTSTANDING CREDIT PENETRATION RATE PENSIONS POLICY DESIGN POLICYHOLDERS PREMIUM RATE PREMIUMS PRICE CHANGES PROBABILITIES PROBABILITY PROGRAM COSTS PROGRAMS PURCHASES REINSURERS RESERVE BANK RETURN RETURNS REVOLVING FUNDS RISK AVERSION RISK SHARING SALES SALES REVENUE SAVINGS SELF-EMPLOYMENT SMALL BUSINESS SMALL BUSINESS OWNER SMALLHOLDER SMALLHOLDER FARMERS SMALLHOLDERS SOCIAL DEVELOPMENT SOCIAL NETWORKS TAX TECHNICAL ASSISTANCE VILLAGE VILLAGES VULNERABLE HOUSEHOLDS WAGES
Online Access:	http://documents.worldbank.org/curated/en/2007/11/8738363/patterns-rainfall-insurance-participation-rural-india http://hdl.handle.net/10986/7646

Internet

http://documents.worldbank.org/curated/en/2007/11/8738363/patterns-rainfall-insurance-participation-rural-india
http://hdl.handle.net/10986/7646

Patterns of Rainfall Insurance Participation in Rural India

Internet

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