Abstract
Micro-insurance is originated for the protection of poor and low income people,with feasible insurance schemes to help them to survive and recover from common risks. The main aim of micro insurance is not only to promote business perspective but also to the rural development of our country and the protection of poor people. India is developing country hence 70% of the population is still rural, very poor, poor health and low literacy rate. Micro insurance is an essential part of the financial sector and it assists the people to diversify their risks.It is essential to develop insurance awareness among the people in the each and every corner of our country particularly remote area.The present study focussed the importance of micro insurance for the development of rural people.This paper also discuss about the micro insurance products and the role of various public and private micro insurance agents for the upliftment of rural and poor people.
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