Extending mutual microinsurance to 5 million uninsured households in five countries over five years.

New video explains how the DHAN Foundation’s health microinsurance policy is helping poor communities in India

A new video interview with a hospital employee describes how our project in India with the DHAN Foundation, through the ICMIF 5-5-5 Mutual Microinsurance Strategy (the "5-5-5"), is helping to provide poor communities in India with access to affordable healthcare through the provision of microinsurance.

Ms Palaneeswari, SUHAM Hospital coordinator for the DHAN Foundation, explains how policyholders are able to avoid paying for expensive medical treatments which they can’t afford when they are admitted to hospital: “When a patient gets admitted to hospital for treatment, the treatment is approved by the federation. This helps to provide affordable treatment for all the enrolled poor members.”

Ms Palaneeswari also discuss some of the reasons why the DHAN Foundation’s health microinsurance policy is different to other insurance providers in the video: “The other insurance products in the market have a lot of exclusions during the initial years. We have very minimal exclusions.”

SUHAM Hospital, where Ms Palaneeswari works, runs entirely on the efforts of village-level self-help groups (SHGs) formed by underprivileged village women in India. A survey undertaken in early 2007 by the SHGs revealed that poor families spent 40% of their income on medical treatments.

The DHAN Foundation’s health microinsurance product is distributed via a network of SHGs, which cluster together to form federations. Policyholders can receive treatment at an affordable cost at the SUHAM Hospital, which works directly with the federations to reclaim the cost of the policyholders’ treatment directly.

The project with the DHAN Foundation under the 5-5-5 first launched in April 2017. Through its partnership with ICMIF, the DHAN Foundation aims to cover an additional 1.06 million people with health, life and livestock microinsurance over the next five years.

This video was taken during a field visit which was held as part of the Year 2 Annual Review Meeting of the project, which took place in Madurai India. The meeting took place over the week commencing 4 March 2019 at DHAN Foundation’s offices in Madurai and was attended by key stakeholders in the project including Ms Ahila Devi, who was recently appointed as the CEO of People Mutuals, the insurance arm of the DHAN Foundation. The key achievements discussed at the meeting will be shared shortly. 

Dennis de Haan, a Business and Financial Control Manager, of ICMIF member company Achmea (the Netherlands), also attended the annual review meeting as part of a Technical Assistance assignment for the ICMIF Foundation. The purpose of Dennis’s assignment was to review the DHAN Foundation’s operations and business plan.

A consortium of 15 ICMIF members have so far come together to support the project with the DHAN Foundation which includes; American Agricultural Insurance Company (USA), FMG (New Zealand), JCIF (Japan), LB Group (Denmark), San Cristobal (Argentina), Sancor Seguros (Argentina, Seguros Unimed (Brazil), UNMI (France), Thrivent Financial (USA), Tuw Tuw (Poland), UCMAF (Japan), Unipol Gruppo (Italy), UNIVE Dichtbij (the Netherlands), Zenkyoren (Japan) and Zenrosai (Japan). Achmea (the Netherlands) have also provided technical support.