Center for Health Market Innovations (CHMI)

Programs

TAMADERA Micro Health Insurance

last updated Apr 3, 2013

Overview

Implementing organization: 
Allianz Life Indonesia
Implementation Partner(s): 
Vision Fund Indonesia
Legal Status: 
Private (for-profit)
Year Launched: 
2010
Stage: 
Existing/expansion stage
Income Level of Target Population: 
Bottom 20%, 20-60% (lower to lower-middle)

Funding

Primary Source of Funding: 
Membership/subscription fees
Additional Source(s) of Funding: 
Revenue (e.g., interest on loans)
Funders: 
Allianz, Mitra Masyarakat Sejahtera (MMS)

Technology

Technology Used: 
Phones › Apps/Software

Scale

Personnel Employed: 
10-49
Number of Clients Served: 
8,712
Summary: 

TAMDERA is a “segmented micro-insurance” that combines life insurance with a savings plan. Policyholders pay premiums as low as Rp. 10,000/week (1.2 USD) for five years, during which they are guaranteed protection against cancer, stroke, heart attack, kidney failure and serious burns, as well as other benefits including hospital care coverage. If no claims are made at the end of the five year term, the premiums are returned to the policyholder. This fund acts as a savings account primarily designed to fund children’s education.

Key program components: 

With the launch of TAMDERA, Allianz Insurance had hoped to contribute to alleviating poverty in Indonesia by providing a scheme through which people are encouraged to save funds for their children’s education while simultaneously protecting them from the high cost of medical treatments.

Policyholders purchasing TAMDERA for Rp. 10,000/week (1.2 USD) can save up to 2.5 million rupiahs, while policyholders paying a premium of Rp. 100,000 (10 USD) can save up to 25 million rupiahs. With this insurance, clients of TAMDERA have life insurance protection, including guaranteed protection against cancer, stroke, heart attack, kidney failure and serious burns. If no claims are made within the five year policy term, the premiums paid are returned in full to the client, who may put the saved funds towards the education of their children.

The program’s review and monitoring system is as innovative as its implementation. To monitor the efficacy of the program, a third party group monitors the social impact of the insurance program, collecting data around the country using smart phones.

Program history: 

During the initial pilot stages of the program, the main beneficiaries of the program were those enrolled in micro loan schemes of Allianz’s partner, Mitra Masyarakat, in Jakarta and Surabaya. As the cost of the premium is low, Allianz believes that the market for the product is immense, given the large number of low income households in Indonesia. In particular, Allianz targets low income women who are most concerned about the education and health of their children. The pilot was launched in September of 2010 and is to continue until August, 2011, after which the full program would be implemented by January, 2012. At the end of the pilot program, it is hoped that TAMADERA will have insured 8,712 people, and that by the end of the project, over 56,600 people will have been served by the insurance scheme.

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