Year launched: 2011
Health focusSecondary/tertiary care
Country of Operation
- GoldLink Insurance Plc.For-profit
SummaryLAPO's insurance product is underwritten by Goldlink and is mandatory for all of its microfinance clients.
Key program components
LAPO covers life, hospitalization, and fire in the marketplace. The premium is 0.6% of the client's loan amount (as of 2011).
Existing or expanding (post-pilot)
Primary source of funding:
Additional source(s) of funding:
BASIX offers group and individual health insurance as well as hospital cash products for Royal Sundaram Finance Limited (BSFL) credit customers, non-credit customers, and spouses to insure against hospitalization due to illness or injury.
NIDAN covers disease, accidental death and disability, life, and property. The product is underwritten by LIC and VimoSEWA.
Zurich has launched two health insurance products with BancoSol, SolSalud and SolSalud Plus. Account holders at BancoSol have the option of having life insurance (SolSeguro), life plus basic health coverage (SolSalud), or life, health and additional coverage in case of accidents (SolSalud Plus).
The policy covers direct medical costs such as consultation fees, hospitalization, laboratory tests, medications and delivery. For an additional fee, direct non-medical costs such as the cost of transportation, food in case of hospitalization and the loss of wages for the patient and an attendant.