Abstract

This article analyzes the experience of developing and implementing microinsurance law in India a pioneering country in establishing a legal framework to protect low-income populations. By examining the role of the Insurance Regulatory and Development Authority of India (IRDAI), specific legal instruments such as the 2015 Guidelines, and the participation of various actors including insurance companies, civil society organizations, and microinsurance agents, the article provides practical legal recommendations for Vietnam in improving its regulatory framework for microinsurance.

Keywords: Microinsurance, India, legal lessons.