Home › MCQs › Disaster Management › Question #6529
Back to Questions
Disaster Management QUESTION #6529
Question 1
In designing a microinsurance scheme for vulnerable households, what represents the primary barrier to uptake?
  • Lack of insurance companies
  • Affordability and awareness of benefits among low-income populations✔️
  • Complex claim procedures
  • Regulatory constraints
Correct Answer Explanation
Section 9.3 identifies affordability as a key barrier, proposing government-backed subsidies, partnerships with microfinance institutions, and awareness campaigns. For vulnerable populations, premium costs and understanding of insurance value are primary constraints rather than product availability.