2 million insured
10 million lives protected


What is the landscape for mutual microinsurance in India?
As the world’s most populous country, and with just under a quarter of the population under the poverty line there is significant potential to develop microinsurance in India. Mutual insurance is not widely known in India, despite being in existence even before the country’s independence in 1947. The total number of low-income lives covered under mutual microinsurance was around 1 million in 2015. With about 600,000 cooperatives in the country with a membership of over 250 million people, the potential of developing mutual and cooperative insurance in India is enormous.

Where are we now?
The country diagnostic and strategy stages are complete, and the diagnostic study is now publically available

We currently have one active country intervention programme in India. ICMIF will be working with the DHAN Foundation to supply 1 million previously unprotected households (or over 5 million livelihoods) with its mutual life and health microinsurance products over five years. These individuals reside in low-income and marginalised communities, which are very vulnerable to multiple everyday risks. The project with the DHAN Foundation launched in April 2017. 

Supporting partners: Achmea (the Netherlands) | American Agricultural Insurance Company (USA) | The Co-operators (Canada) | FMG (New Zealand) | Insurance Institute of India (India) | JCIF (Japan)Kokumin Kyosai co-op (Japan) | LB Group (Denmark) | San Cristobal (Argentina) | Sancor Seguros (Argentina) | Seguros Unimed (Brazil) | The Co-operators (Canada) | UNMI (France) | Thrivent Financial (USA) | Tuw Tuw (Poland) | UCMAF (Japan) | Unipol Gruppo (Italy)UNIVE Dichtbij (The Netherlands) | Zenkyoren (Japan)


Photo shows: DHAN Foundation insurance literacy training session with policyholders in Theni, India