tailieunhanh - Lecture Micro financing & micro leasing - An Introduction: Lecture 14

Lecture 14 - Three products: insurance, housing finance, and remittances (cont). The following will be discussed in this chapter: Health insurance, Zurich FSG and BancoSol, housing finance, some creative approaches, mibanco housing finance loans. | Summary of Last Lecture THREE PRODUCTS: INSURANCE, HOUSING FINANCE, AND REMITTANCES THREE PRODUCTS: INSURANCE, HOUSING FINANCE, AND REMITTANCES Where we left last time Let’s examine some of these successful cases that exemplify the principles of good product design. Health Insurance Around the world, an estimated billion people lack access to health care. Poverty makes it difficult for millions more to afford good quality treatment. Health Insurance The cost of treatment, together with lost income during an illness, can send a working poor family back into severe poverty. Health Insurance The World Heath Organization estimates that every year another 100 million individuals are pushed into poverty by medical costs. Health insurance has great potential to transform lives and economies, if it can be scaled up commercially. Zurich FSG and BancoSol. Zurich Financial Services Group has found a way to provide health insurance to low-income Bolivians for only $4 per month. The . | Summary of Last Lecture THREE PRODUCTS: INSURANCE, HOUSING FINANCE, AND REMITTANCES THREE PRODUCTS: INSURANCE, HOUSING FINANCE, AND REMITTANCES Where we left last time Let’s examine some of these successful cases that exemplify the principles of good product design. Health Insurance Around the world, an estimated billion people lack access to health care. Poverty makes it difficult for millions more to afford good quality treatment. Health Insurance The cost of treatment, together with lost income during an illness, can send a working poor family back into severe poverty. Health Insurance The World Heath Organization estimates that every year another 100 million individuals are pushed into poverty by medical costs. Health insurance has great potential to transform lives and economies, if it can be scaled up commercially. Zurich FSG and BancoSol. Zurich Financial Services Group has found a way to provide health insurance to low-income Bolivians for only $4 per month. The antecedents to this product lie in the relationship between Zurich and BancoSol, a commercial bank specialized in microfinance. Zurich FSG and BancoSol. Zurich provides BancoSol’s savers with life insurance policies for less than $1 per month. Once developed, Zurich began offering this life insurance product through multiple financial institutions—mutual housing finance companies, microfinance companies, and mainstream banks. Zurich FSG and BancoSol. By 2007, these policies reached 83,000 clients. This experience provided a base of market and operational knowledge that served as starting points for creating a health insurance program with BancoSol. Zurich FSG and BancoSol. The program covers all doctor visits and most hospitalization costs. With 10,000 families participating, the program remains small, but plans are under way to scale it up and offer it through additional institutions ICICI Lombard, SKDRDP, and Grameen Koota A real challenge in health insurance at the grassroots is to structure