This thesis analyses the social impact of Payung Keluarga, an obligatory enhanced credit life microinsurance product launched by Allianz in Indonesia in 2006. Payung Keluarga automatically insures micro-borrowers who take out microcredits from microfinance institutions. In case of death, the outstanding credit balance is canceled and the appointed beneficiary receives twice the original loan as an additional payout. The study found that norms of a moral economy are still exerting significant clout on the insured.
University of Passau