It has been sixteen years since India enacted the first microinsurance regulation in 2005. Now, at least 30 authorities across 43 markets have implemented dedicated inclusive insurance regulation, and others have adopted other regulatory approaches that are supportive of inclusive insurance.
Imagine if every year the population of an entire country the size of the Philippines fell into poverty because of out-of-pocket expenditures on health services. The WHO data on global health coverage presents a sombre picture. Every year 100 million people are pushed into poverty because of lack of health coverage; that without the burden of a global pandemic.