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Insurance Services at BASIX

Insurance Services at BASIX. BASIX Vision in Micro Insurance.

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Insurance Services at BASIX

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  1. Insurance Services at BASIX

  2. BASIX Vision in Micro Insurance All poor households, especially those served by BASIX, will have access to risk-management services covering their lives and livelihoods, and insurance providers and BASIX will provide these services on a financially sustainable basis.

  3. Risks covered by BASIX • Risks to Life • Death • Disease • Disability • Risks to Crops • Risks to Livestock • Risks to Enterprises

  4. Business Partners • With • AVIVA • Since:2002 • In Life Insurance • Royal Sundaram • Since:2002 • In Health, Livestock and Enterprise Insurance • ICICI Lombard • Since:2003 • In Weather Index insurance BASIX Equity for Equity

  5. Business Model Distribute Insurance Offer products Rural Customer Insurer BASIX Inputs for products and processes Feedback on needs

  6. Outreach

  7. Products

  8. New Products • NEW PRODUCTS: • Term Life • Term Life with premium return • Endowment • Health Retail policy • Motor Insurance • Micro Pension

  9. Claims

  10. Challenges in Micro Insurance • Cost effective distribution and servicing • Institutional Capacity Building: for micro insurance distribution channels • Awareness creation for the target population • Regulatory Environment Go to Contents

  11. Extending Reach To Difficult And Remote Geographies States : 15 Districts : 172 Villages : 18,119 HR : 4,063

  12. Claims facilitation e-mail Prepare report and send BASIX field staff or Branch Inform by Claim event Customer informs e-mail (or) Rural BPO Visit location and investigate Inform by Field Facilitator (and) e-mail

  13. Thank you

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