1. GOING BEYOND MICROCREDIT
MICROCREDIT INSURANCE COVER UNDER GROUP COVERAGE

2. OVER VIEW MICROFINANCE IS - TAKE NOW AND PAY LATER MICROINSURANCE IS
- PAY NOW AND TAKE LATER
TO UNDERSTAND MICROINSURANCE ONE NEEDS TO UNDERSTAND THE NEED CYCLE OF THE POOR AND THE INTERVENTIONS REQUIRED

3. MICROINSURANCE IS……… “the protection of the poor people against
specific perils in their lifecycles in exchange
for regular premium payments proportionate
to the likelihood and cost of the risk
involved”
¬ Draft Donor Guidelines

4. LIC ROLE IN COVEREGE 3 MAJOR MICROFIN COMPANIES’ MEMBERS
AND THEIR SPOUSES ARE COVERED
MORE THAN 7 LAKHS MEMBERS COVERED EVERY MONTH
PREMIUM RATE IS JUST THE COST OF THE RISK INVOLVED

5. MAIN FEATURES OF THE SCHEME OFFERED BY LIC
ONE YEAR GROUP TERM ASSURANCE COVER
AGE : 18 YEARS TO 60 YEARS
RISK COVER OFFERED : EQUAL TO THE LOAN AMOUNT SUBJECT TO MINIMUM OF Rs. 2000/- AND MAXIMUM OF Rs /-
SPOUSE OF THE MEMBER COVERED FOR EQUALL AMOUNT
RISK COVER OFFERED FROM THE DATE OF LOAN

6. LIC’S JANASHREE BIMAYOJANA
COVERS IDENTIFIED 44 OCCUPATIONS OF INDIAN SOCIAL SECTOR
PREMIUM RATE IS Rs. 200/- PER MEMBER PER YEAR (Rs. 100/- IS MEMBER CONTRIBUTION AND BALANCE Rs. 100/- SOCIAL SECURITY FUND)
NORMAL DEATH COVER : Rs. 30,000/-
DEATH DUE TO ACCEDENT : Rs. 75,000/-
DISABILITY DUE TO ACCIDENT:
– Permanent- 75,000/-
- Partial ,500/-
SCHOLARSHIP OF Rs. 100/- PER A CHAILD PER MONTH MAXIMUM OF TWO CHILDEREN OF THE MEMBER WHO ARE STUDYING 9th CLASS TO 12th INCLUDING ITI AND NURSING

7. ADVANTAGES OF MICROINSURANCE
LOW PREMIUM
NO DOCUMENTATION HAZZARDS FOR COVERAGE
ENTIRE GROUP BASICALLY RECEIVES THE PEACE OF MIND AGAIST LOW AVEREGE COST
SIPLIFIED CLAIM PROCRDURE
INFORMATION PERCOLATION IN EITHER DIRECTIONS IS EASY IN A GROUP

8. GOING BEYOND MICROCREDIT
THANK YOU