Women in Inclusive Insurance Market Vimo SEWA Model Tripti Sethi - - PowerPoint PPT Presentation

▶
women in inclusive insurance market
SMART_READER_LITE
LIVE PREVIEW

Women in Inclusive Insurance Market Vimo SEWA Model Tripti Sethi - - PowerPoint PPT Presentation

Jul 20, 2023 153 likes •234 views

Women in Inclusive Insurance Market Vimo SEWA Model Tripti Sethi National Insurance VimoSEWA Co-operative Ltd. Chief Executive Officer 12th International Microinsurance Conference 2016 17 th November 2016 Colombo, Sri Lanka Contents

slide-1
SLIDE 1

Women in Inclusive Insurance Market

Vimo SEWA Model

Tripti Sethi National Insurance VimoSEWA Co-operative Ltd. Chief Executive Officer

12th International Microinsurance Conference 2016 17th November 2016 Colombo, Sri Lanka

slide-2
SLIDE 2

Contents

  • Introduction
  • Inclusive by design
  • Advantages
  • Comparison with other insurance schemes
slide-3
SLIDE 3

The Organization

  • Started in 1992 as part of SEWA Bank with 7000

members.

  • Started with life but extended to health, assets and

accident.

  • Developed as VimoSEWA unit in 1999.
  • Became a multi-state cooperative in 2009.
  • Services offered:
  • Insurance Education
  • Product Development
  • Marketing the products
  • Claims Processing
  • Linkage with insurer (as an intermediary)
  • Data Management
  • Technical assistance to NGOs in India, abroad
  • Policy Advocacy
slide-4
SLIDE 4

Inclusive By Design …….

  • Women owned, Women run, Women led, Women users

SEWA VIMOSEWA Trade Union Cooperative Unorganized women workers Women only Shareholders Women Membership Women policy holders Women Sales Force Women Leadership

slide-5
SLIDE 5

Advantages of women inclusive model and its uniqueness INSURANCE

  • Acceptability of Insurance
  • Claim service at door step
  • Customised & simplicity of

the product

  • Affordable pricing
  • Focus on Viability
  • Achieve client value

GOVERNANCE

  • Strengthening of

solidarity and sisterhood

  • Transparent governance
  • Women leaders become

self-reliant

  • Women Empowerment
slide-6
SLIDE 6

Uniqueness….

Parameters Vimo SEWA Conventional Insurer Marketing & Education Women agents Mostly male agents Door to Door contact No fixed method Concept promotion Product Promotion Product Design Product Customization Product Standarisation Affordable Pricing Standard Pricing Simple & Flexible Complex & Rigid Claim Servicing At Door Step To go to Insurance Company Hand-holding for claim documents To arrange claim documents

  • n their own

Processes & Facilitation Transparent , simple & reasonable Jargonized and tedious Equal focus on Social Performance Focused mainly on Financial Performance More Focus on Client Value More Focus on Scaling up

slide-7
SLIDE 7

Thank You