Center for Health Market Innovations (CHMI)

Programs

Grameen Koota

last updated Mar 25, 2013

Overview

Implementing organization: 
Grameen Koota
Implementation Partner(s): 
SKDRDP Trust, ICICI Lombard
Legal Status: 
Private (not-for-profit)
Stage: 
No longer active
Income Level of Target Population: 
All income levels

Funding

Primary Source of Funding: 
Membership/subscription fees

Scale

Number of Clients Served: 
37,325 as of 2009
Summary: 

Grameen Koota employs a partner-agent model with underwriting by SKDRDP Trust and ICICI Lombard. Benefits include comprehensive coverage, maternity benefits, a death allowance, property damage, and a cashless claims model for clients (as of 2009).

Key program components: 

Grameen Koota members can voluntarily enroll in the individual product and add family members between the ages of 3 and 80 for a fee. The sum insured is US$111 per person per year. Exclusions include pre- and post- hospitalization costs, as well as standard exclusions. The premium is US$4.49 (Rs. 220) for the first person and then US$3.22 (Rs. 145) per family member (as of 2009).Optional loans are also available.

The scheme failed as the product was under-priced, and the MFI made no commission despite holding some of the risk and having considerable marketing and sales expenses.

Hide this

Need help?

Using the CHMI Programs Database

  • Browse: Browse the database by applying one or more filters to narrow your search by characteristics. Click the "x" to remove any of the filters you've selected. Click "reset search" to remove all filters and start over.
  • Search: Search the database for a specific program by typing a name or keyword into the search box.
  • Add: If the program you're looking for is not in the CHMI database, submit the program to the CHMI pipeline by clicking here to add a program profile.
  • Update: If you notice incorrect or outdated information, or would like to help complete a profile for a CHMI pipeline program, request a change by clicking here, or at the top of the program profile.

Have a question? Check the FAQs first. Don’t see your question? Contact us.