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Janani Ramasubramanian
Janani Ramasubramanian is a Ph.D. candidate at the University of Sussex, UK. Her Ph.D. is fully funded under the Commonwealth Scholarship programme, UK. She completed her undergraduate studies from the University of Madras and her Master’s from Madras School of Economics, Chennai. She won a gold medal for both her undergraduate and Master’s degrees. Her research interests include poverty, risk management, microfinance and microinsurance. Prior to joining Sussex, she worked as a Consultant with the Centre for Insurance and Risk Management (CIRM) at the Institute of Financial Management and Research (IFMR) India. Her current research focuses on the demand and impact of index based crop insurance in India.
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Willingness to pay for index-based crop microinsurance in India
Given the significance of the agricultural sector in India and its vulnerability, an adequate and sustainable risk management system is critical. However, uptake of microinsurance is quite low. This column presents research that shows that while there is awareness regarding market-based formal insurance schemes, people continue to be more comfortable relying on own savings or informal borrowing, which can only help manage small shocks or losses.
