12-08-2013, 04:14 PM
VIMO SEWA SEWA’S MICROINSURANCE PROGRAMME FOR WOMEN WORKERS OF THE INFORMAL ECONOMY
VIMO SEWA SEWA’S.ppt (Size: 1.17 MB / Downloads: 474)
History of VIMO SEWA
Started in 1992 from SEWA Bank
Collaborated with insurance companies from start.
Need based composite package for women
Initially insured 7000 members of SEWA
Evolved according to the needs of insured
Current Products of VIMO SEWA
Life
Health
House and Assets
Accident
Rainfall
17 schemes
Lessons Learned
Working with Insurance Cos
Life : LIC, AVIVA,OMKM, Bajaj Allianze
General : UIIC, NIA, NIC, ICICI, Reliance
Effective Tools for collaboration with Insurance Cos :
Credibility of the organisation
Systems and mechanisms
Human resources
Transparency
Life : simple term policy is easy to operate
Endowment product requires long term commitment, complex
Health : Linkage with health programme enhances the viability of the programme
It creates demand for government health services
It increases health seeking behavior amongst poor specially women
Challenges
1. Viability – which depends on:
Increasing Outreach
Spreading risk (other states),
Family coverage, deepening
Cost reduction
2. Education
3. Product development
Balance between social and business objective