Micro Insurance
Small Premiums. Big Protection for Every Indian.
At CoverBee, we believe that financial security is a right, not a luxury. Micro Insurance is specially designed to provide affordable risk coverage to low-income individuals and rural families who may otherwise be excluded from mainstream insurance options.
Whether you’re a daily wage worker, farmer, small vendor, or homemaker—CoverBee’s Micro Insurance plans protect you against unexpected health issues, accidents, or death at very low premiums. With coverage starting from as low as ₹1 per day, it’s a shield of security for the underserved.
What is Micro Insurance?
Micro Insurance is a low-cost, simplified insurance solution that provides financial protection against life, health, property, and accidental risks to people in economically vulnerable sections of society.
It is regulated by the IRDAI under special guidelines to ensure:
- Affordable premiums
- Simplified paperwork
- Easy access via agents, SHGs, MFIs, NGOs, or local institutions
Who Needs Micro Insurance?
- Rural farmers and agricultural laborers
- Street vendors and hawkers
- Daily wage earners and artisans
- Domestic helpers
- Small entrepreneurs
- Low-income families and women-led households
Types of Micro Insurance Plans at CoverBee
Life Micro Insurance
Death benefit, accidental cover, funeral costs
Health Micro Insurance
Hospitalization, critical illness, maternity
Personal Accident
Disability, accidental death, injury cover
Life Micro Insurance
Death benefit, accidental cover, funeral costs
Health Micro Insurance
Hospitalization, critical illness, maternity
Personal Accident
Disability, accidental death, injury cover
Livelihood Asset Cover
Loss or damage to tools, shops, livestock
Crop/Cattle Micro Cover
Seasonal protection for rural livelihoods
Livelihood Asset Cover
Loss or damage to tools, shops, livestock
Crop/Cattle Micro Cover
Seasonal protection for rural livelihoods
Micro Insurance FAQs
Micro insurance is designed for low-income groups, with smaller sums insured, affordable premiums, and simplified processes.
Yes! You can buy certain micro insurance plans directly on our website or through our verified rural agents.
Coverage typically ranges from ₹10,000 to ₹2,00,000, depending on the plan and provider.
Some health micro insurance plans may have 15–30 days waiting periods for illnesses, but accident coverage starts immediately.
Usually just Aadhaar, mobile number, and basic income proof. CoverBee will guide you step-by-step.
There may be a grace period. After that, the policy lapses. CoverBee helps you with reminders and renewals.