Protecting lives and livelihoods through remittance-linked insurance

Thursday, February 18, 2021

When Dahlan broke his leg in an accident after work, it spelled disaster. As a Nepalese migrant working in Kuala Lumpur, Malaysia, he wasn’t covered by the mandatory compensation scheme outside working hours. Dahlan had to pay out 300 RM (€60) for treatment and lost six weeks’ wages - about 2,500 RM (€500). But his biggest problem was that he couldn’t send any money home to his family. Along with most of his fellow migrant workers, he normally remitted between 70 and 90 percent of his salary home each month.

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Member profile: Fundación PROFIN

Thursday, February 18, 2021

For more than 20 years, Fundación PROFIN has been promoting financial inclusion and economic development for low-income individuals and small businesses in Bolivia. The non-profit focuses on creative financial innovation to help improve productivity, income and employment opportunities. Edwin Vargas, Executive Director of PROFIN explains why inclusive insurance in a post-Covid world is more important than ever.

MiN: Why is inclusive insurance a priority for PROFIN?

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