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Bundling to make agriculture insurance work

Microinsurance Paper #:



  Bundling to make agriculture insurance work


Premasis Mukherjee, MicroSave
Manoj Pandey, MicroSave
Pranav Prashad, The ILO's Impact Insurance Facility

Date of Publication:

  June 2017


Bundling agriculture insurance with other services like credit and better farm inputs is fast emerging as a possible solution to help agriculture insurance to achieve better social outcomes, make insurance more tangible and enable schemes to scale faster. There is evidence that states that access to agricultural insurance leads to significantly larger agricultural investment and riskier, yet more rewarding, production choices in agriculture. However, insurance as a standalone product may not be sufficient to overcome the binding constraints of farmers. Hence, bundling provides more value for all the players in the value chain. 

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