Strength in Solidarity SEWA Insurance

SEWA Insurance (Vimo SEWA): Membership 80,389 Women 34,753 Men 18,541 Children 133,683 Total insured

Current insurance packages offered Scheme IScheme II Annual premium (Rs.) Fixed deposit (Rs.)2,1005,000 Natural Death (Rs.)5,00020,000 Mediclaim2,0006,000 Asset Loss10,00020,000 Accidental Death40,00065,000 Accidental Death (spouse) 15,000 Linked to AVIVA (life) and ICICI-Lombard (non-life)

Structure Currently unit within SEWA; we work as a Cooperative Future: registered Cooperative Future: registered Cooperative

Implementation Decentralized - 5 districts in Gujarat, Decentralized - 5 districts in Gujarat, Delhi, Tamil Nadu, Indore Delhi, Tamil Nadu, Indore Through Aagewans and local teams who Through Aagewans and local teams who promote & educate promote & educate & provide claims-servicing & provide claims-servicing

Promotion & Education Network of 120 Network of 120 aagewans in regular aagewans in regular contact with insureds contact with insureds Small meetings, door- Small meetings, door- to-door contact, gram to-door contact, gram sabhas, sammelans, sabhas, sammelans, advertisements in advertisements in “Anasuya” “Anasuya”

Promotion & Education Education – capacity-building of aagewans Education – capacity-building of aagewans and local teams and local teams - education on insurance and our scheme to - education on insurance and our scheme to members members Annual premium collection campaign Annual premium collection campaign Promoting fixed-deposit members through Promoting fixed-deposit members through savings groups, “Salamat Loan” savings groups, “Salamat Loan”

Claims Servicing Claims Committee: Claims Committee: - decentralized in 3 districts (2 to follow - decentralized in 3 districts (2 to follow in 2005) in 2005) - three times a week - three times a week - 80% aagewans and 20% organisers - 80% aagewans and 20% organisers on committee on committee Claims disbursement: Claims disbursement: - by cheque, and at doorsteps - by cheque, and at doorsteps - on hospital bed in some districts - on hospital bed in some districts

Claims Servicing Claims processing time taken (current) : Claims processing time taken (current) : Urban – 7 days from claim registration Urban – 7 days from claim registration Rural - 15 days from claim registration Rural - 15 days from claim registration

Number of claims Amount (Rs.) Life38317,27,000 Accident 19 5,85,000 Sickness377363,40,916 Asset Loss620 8,71,999 Total479595,24,915 Claims Profile 2004

- Claims covered by Premiums - Claims covered by Premiums - 30% of administrative costs - 30% of administrative costs covered by premiums covered by premiums - Extra support needed for administrative - Extra support needed for administrative costs and R & D costs and R & D - Need to reduce promotional administrative - Need to reduce promotional administrative costs costs - Need matching fund from government, - Need matching fund from government, others others Viability

- reaching the poorest - reaching the poorest - strengthening services - strengthening services - new products - new products - renewal rate - renewal rate Research

- Reduction of capital requirement - Reduction of capital requirement - Enabling people’s organisations - Enabling people’s organisations to undertake microinsurance to undertake microinsurance - Regulations which support and - Regulations which support and promote microinsurance promote microinsurance Policy Issues

VimoSEWA SEWA Insurance of the Self- Employed Women’s Association (SEWA)