VimoSEWA India

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This case study focuses on the evolution of VimoSEWA since the development of the business plan. Following the earthquake, the number of insured increased dramatically from 30,000 to 92,000. The business plan assumed that VimoSEWA had found an effective means of reaching members and could scale up to 300,000 insured within 7 years to reach viability. By January 2005, however, membership was below targets and viability remained 7 years away, with low renewal rates as the principal cause.

TATA-AIG Life Insurance Company Ltd. India

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This paper provides a broad overview of how the microinsurance programme at Tata-AIG emerged and how it operates. It places particular focus on the micro-agent. Because of the low value of microinsurance premiums, low cost distribution is critical in microinsurance. In its micro-agent model, Tata-AIG has introduced a new and exciting distribution methodology to microinsurance in India. The scheme’s benefits and possible shortcomings are discussed in the paper.

Microinsurance and Microfinance Institutions Evidence from India

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This paper looks at microinsurance from the perspective of microfinance institutions (MFIs), which are important microinsurance delivery channels. By reviewing the experiences of three Indian MFIs—SPANDANA in Andra Pradesh, and SHEPHERD and ASA in Tamil Nadu—it seeks to answer questions about what products to offer, and how to design and deliver them. Even though these organizations operate in similar environments, they have adopted very different approaches, which presumably make sense given their experiences, degree of maturity, and intentions.

Karuna Trust, Karnataka India

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Karuna Trust is an NGO that has been working successfully on health and development issues for nearly two decades. In 2002, Karuna Trust, in a partnership with the United Nations Development Programme (UNDP), decided to implement a pilot health insurance scheme for its target population. The non-governmental organization (NGO) collaborated with the state-owned National Insurance Company (NIC) in designing a health insurance product that complements the public healthcare infrastructure and compensates for some of its weaknesses. Karuna Trust acts as an agent for NIC.

India: An inventory of micro insurance schemes

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As poverty and social exclusion remain major problems in the world, even as we are in the third millennium, the quest for solutions continues. The ILO’s Stategies and Tools against Social Exclusion and Poverty Programme (STEP) explores innovative methods that contribute to these solutions. One of them is micro insurance. There are only a scarce amount of documented micro insurance initiatives and concerning India, this is a first attempt to identify the various micro insurance schemes that are established.

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