We have also implemented the formation of “Health Savings Groups” to promote self-dependence among poor women, and eliminate the need to borrow from money-lenders who charge exorbitant interests. A group of women save fixed amounts each month to meet their daily health care expenditures. These savings are available within the group as a floater fund. The group takes a joint decision to forward a loan to its members but solely to meet healthcare expenses. This loan has to be repaid with interest, in time- bound fixed installments.
We have been successful at creating a very acclaimed model of micro-health insurance, that has partnership from 60 network hospitals and 19 NGOs, that innovatively benefitted thousands of people (urban, rural & tribal) with features viz.
- co-payment at the time of discharge,
- wage compensation for member in the first year,
- 50% of wages for any other member being admitted in the second year,
- a nurse manned dispensary and travel for tribals, and
- personal accident policy education benefit for girl child also in case of accidental death of members/breadwinner.
Our insurance model has funding support from USAID, underwritten by HDFC Chubb & General Insurance Company. The model was also presented on international platforms viz. World Economic Forum, (New Delhi, 2009), Doing Good Doing Well Conference (Barcelona), and Micro Health Insurance Summit.