The note provides the following tips to microinsurance providers:

• Product design should include: defining the target group; identifying insurable risks; determining key product features; establishing payment capabilities.
• Affordability and product design preferences should be investigated together to provide real value to clients.
• When determining eligibility, it is essential to consider: whether a product is designed for groups or individuals; whether it should be mandatory or voluntary; the approach that must be to adopted for covering high-risk persons.
• Payment options could be short-term, long-term or renewable. Insurers prefer short-term policies while customers would prefer long-term commitment from the insurer.
• Microinsurance benefits should be simple and the client should be able to claim the benefit easily.
• Coverage can be in the form of basket coverage or family coverage.
• Long-term clients who have not claimed any benefits could get value in terms of premium-back features, paid-up insurance, savings features, etc.
• Insurers should avoid elective participation, diverse target populations and numerous product choices.
• The amount of claims that must be processed should be controlled.

The note concludes by discussing the advantages of waiting periods and benefit schedules in avoiding the exclusion of high-risk clients.