SKS to roll out health insurance product for rural poor
SKS Microfinance Private Limited, a microfinance company has tied up with ICICI General Lombard, to roll out its health insurance product `Swayam Shakti' for the poor in semi-urban and rural areas.
By PTI |
BANGALORE: SKS Microfinance Private Limited, a microfinance company has tied up with ICICI General Lombard, to roll out its health insurance product `Swayam Shakti' for the poor in semi-urban and rural areas.
SKS Microfinance will cover its members in Karnataka, Andhra Pradesh and Orissa by March eight under the health insurance programme, a release said here today.
Swayam Shakti is a tailor made insurance product, which covers the SKS member, member's spouse and two children against pre-existing illnes, maternity, hospitalization, and accident for a period of one year.
The low cost insurance cover offers both cashless and reimbursement options.
The roll out announcement follows a three-month successful pilot wherein it covered 50,000 members and 1.75 lakh lives in semi-urban and rural areas in six districts in North Karnataka.
SKS Microfinance plans to cover its 500 branches across the country by March 2009 and over three million of its members and their families covering 10 million lives by March 2010 under the product.
Currently SKS has about 1.7 million members with 653 branches across 15 states in India.
A United Nations Development Programme's report estimates that 950 million of India's population remains uninsured. The study says that one in three rural households is expected to opt for health insurance at an average annual premium of Rs 363 per household.
SKS Microfinance will cover its members in Karnataka, Andhra Pradesh and Orissa by March eight under the health insurance programme, a release said here today.
Swayam Shakti is a tailor made insurance product, which covers the SKS member, member's spouse and two children against pre-existing illnes, maternity, hospitalization, and accident for a period of one year.
The low cost insurance cover offers both cashless and reimbursement options.
The roll out announcement follows a three-month successful pilot wherein it covered 50,000 members and 1.75 lakh lives in semi-urban and rural areas in six districts in North Karnataka.
SKS Microfinance plans to cover its 500 branches across the country by March 2009 and over three million of its members and their families covering 10 million lives by March 2010 under the product.
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Currently SKS has about 1.7 million members with 653 branches across 15 states in India.
A United Nations Development Programme's report estimates that 950 million of India's population remains uninsured. The study says that one in three rural households is expected to opt for health insurance at an average annual premium of Rs 363 per household.
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