AXA Life Insurance seeks to develop microinsurance management. Almal News, September 30, 2017.
AXA Life Insurance in Egypt is working on the development of products and distribution channels targeted to reach low-income people across the country.
BIMA and Vodafone Cash launch Fishers’ Future Plan in Ghana. Press release, November 3, 2017.
The Fishers’ Future Plan is a savings-linked insurance plan. The plan is linked to customers’ Vodafone Cash wallets to facilitate easy payment. It offers insurance cover against death and accidental permanent disability.
IndiaFirst Life introduces first-ever microinsurance plan ‘insurance khata’. The Hindu Business Line, November 27, 2017.
Insurance Khata is targeted at people in the informal sector with seasonal income, such as agricultural workers. It provides flexibility to customers who wish to pay the premium in parts. It is a single-premium term product with return of premium.
BIMA partners with Pakistan’s largest mobile operator Jazz to introduce accident insurance. Press release, December 4, 2017.
MILVIK Mobile Pakistan introduced personal accident and injury insurance for prepaid customers of Jazz.
The service, Jazz BIMA, has four monthly plans offering customers insurance coverage from PKR 200,000 (US$1,896) up to PKR 2,000,000 (US$18,960). The most affordable plan offers maximum insurance cover of PKR 200,000 for PKR 1.44 (US$0.01) a day.
U Microfinance Bank and MicroEnsure launch new paid hospital cash product in Pakistan. Press release, October 2, 2017.
Sehat Tahaffuz Plus is a health insurance product available for customers between the ages of 18 to 65. It covers hospital medical treatment in Pakistan. The product’s efficient claim process enables payments to be made directly to the customer.