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  Micro Insurancece

 
 

Health and accidental death are two main categories under the micro insurance programme of NRSP. Micro insurance is one of the NRSP’s financial services to the members of community organizations in rural areas. In this way micro insurance is recognized as a useful tool in economic development. As many low-income people do not have financial back up in sudden mishaps. For example when the earning body of the family dies or when high hospital bills in case of severe accidents or diseases force families to borrow money from their relatives or neighbours. In this bereavement and depressed situation, NRSP’s micro insurance plays a vital role in provision of relief and financial support. 

 

Cumulative status

Men

Women

Total

No. of Insured CO members

122,147

15,643

137,790

No. of Insured Spouse of CO members

15,628

18,091

33,719

Premium collected (Rs. million)

16.7

2.2

18.9

No. of Insurance Claim Received

468

220

688

No. of Insurance Claim Approved

392

190

582

Amount of Approved Claims (Rs. million)

5.18

1.98

7.16