Services

MicroNsure services range from product introduction to revenue Management and varies from partner to partner. For One it could be introduction of insurance as a product to the existing product portfolio and for an other it could be related to price negotiation, Technology Interventions, Customer Management, Claims servicing to support in Regulatory compliance.

Case Studies

Case Study 1:

Problem:

A group of Educational Institutions are regularly seeing children withdrawing from school because of inability to pay the fees. On further investigation it was observed that this was happening because of Death, Disability or Dismemberment to the earning member of the family. This was leading to children dropping out from school and also a loss of revenue for the schools..

MicroNsure Solution:

With the help of an Insurance company, MicroNsure developed a product ‘School Life’ exclusively for school going children. This product guarantees education to a child from KG to PG in case of inability of the family to pay fees in case of Death, Disability or Dismemberment to an earning member of the family. The premium ranges between Rs 250 to Rs 750 per year based on the coverage and features.
This solution helps the students to continue their studies, Schools and colleges keep getting their regular revenues and there is no financial stress on parents.



Case Study 2:

Problem:

Customers not able to repay EMI’s for loans taken from an NBFC due to sickness or Disability.

MicroNsure Solution:

MicroNsure Solution : Launched a Combination product which includes EMI waiver scheme for customers during their sickness for a period of 1- 3 months, included funds for child education especially girl child and also income for the family during the period of sickness.

The solution helps the NBFC in collections on time, Helps the customer in paying his EMI’s during the days when he/she is not able to earn an income, takes care of the essential monthly expenses for the family and there is continuance of education for the child.