Abstract
Recently, microinsurance has drawn much interest as a possible instrument to shield people experiencing poverty from significant shocks. However, there has been little voluntary demand, which raises questions about whether microinsurance would be effective as a risk management tool. This article aims to pinpoint the elements that affect the demand for microinsurance among Bangladeshi women employed in the informal sector, who are particularly susceptible to a variety of economic risks. On a sample size of 829 from around the country, the authors have conducted a logit analysis and identified fourteen factors classified under
four broad categories that affect microinsurance demand for marginalized women. The result of this study will advance the field’s understanding of building  microinsurance products and regulatory frameworks that consider the needs of disadvantaged women and assist them in obtaining the social protection necessary to sustain them over the long term.