VIMO SEWA SEWAS MICROINSURANCE PROGRAMME FOR WOMEN WORKERS OF THE INFORMAL ECONOMY

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VIMO SEWA SEWAS MICROINSURANCE PROGRAMME FOR
WOMEN WORKERS OF THE INFORMAL ECONOMY

• October 29-30, 2007
• Colombo, Shri Lanka

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Insurance Coverage in India

• Nationalised till 1999
• Today in India 10 -15 have insurance cover in
  total
• 3 of people have health insurance

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SELF EMPLOYED WOMENS ASSOCIATION
Work security
Health care
Income security
Childcare
Full Employement
Insurance
Social security
Housing
Food security
Economically
Individually
Self Reliance
Collectively
Decision making capabilty
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History of VIMO SEWA

• Started in 1992 from SEWA Bank
• Collaborated with insurance cos.
• Need based composite package for women
• Insured 7000 members of SEWA in initially
• Evolved according to the needs of insured

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Current Schemes Scheme 1
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Scheme 2
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Current membership

• Women 1,05,680
• Men 46,604
• Children 37,253
• Total 1,89,537

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Reaching The Poor

• Member VIMO SEWA Insurance Cos
• Education Product Design
• Marketing Risk Carrier
• Claims servicing
• Data maintenance
• Research and monitoring
• Policy advocacy

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Premium Collection

• House-to-house
• Through self-help groups
• Annual quarterly monthly

Fixed deposit Annual pay
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Claims servicing

• Member VIMO SEWA Ins. Co.

Aagewan
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Claims Experience (2006)
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Strategies to reach the poor

• Need based, affordable,bundled products
• Community based doorstep and one window quality
  service
• Linkages with other services and economic
  activities.

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Challenges

• 1. Viability which depends on
• Increasing Outreach
• spreading risk (other states),
• family coverage, deepening
• Cost reduction
• 2. Education
• 3. Product development

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Future Action

• Promote section 25 company in short-term.
• Multi-state cooperative (VimoSEWA) with reduced
  capital requirement
• Work with MFIs, NGO partners
• Matching premium contribution by government

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THANK YOU
social_at_sewass.org vimo_at_sewass.org
www.sewainsurance.org
SEWA
VIMOSEWA
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