Tata - Aig Microinsurance Project

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TATA-AIG
Life Insurance Company Ltd.
India

CGAP Working Group on Microinsurance Good and Bad Practices Case Study No. 14

James Roth and Vijay Athreye – September 2005

Good and Bad Practices in Microinsurance

TATA-AIG, India

Good and Bad Practices in Microinsurance This paper was commissioned by the “Good and Bad Practices in Microinsurance” project. Managed by the ILO’s Social Finance Programme for the CGAP Working Group on Microinsurance, this project is jointly funded by SIDA, DfID, GTZ and the ILO. The major outputs of this project are: 1. A series of case studies to identify good and bad practices in microinsurance 2. A synthesis document of good and bad practices in microinsurance for practitioners based on an analysis of the case studies. The major lessons from the case studies will also be published in a series of two-page briefing notes for easy access by practitioners. 3. Donor guidelines for funding microinsurance. The CGAP Working Group on Microinsurance The CGAP Microinsurance Working Group includes donors, insurers and other interested parties. The Working Group coordinates donor activities as they pertain to the development and proliferation of insurance services to low-income households in developing countries. The main activities of the working group include: 1. 2. 3. 4. 5. 6. Developing donor guidelines for supporting microinsurance Document case studies of insurance products and delivery models Commission research on key issues such as the regulatory environment for microinsurance Supporting innovations that will expand the availability of appropriate microinsurance products Publishing a quarterly newsletter on microinsurance Managing the content of the Microinsurance Focus website: www.microfinancegateway.org/section/resourcecenters/microinsurance

Good and Bad Practices in Microinsurance

TATA-AIG, India

Table of Contents
Tables ...........................................................................................................................................................ii Acknowledgements .....................................................................................................................................ii Abbreviations and Acronyms ...................................................................................................................iii Executive Summary ...................................................................................................................................iv 1. The Context ............................................................................................................................................. 1 1.1 The State of the Insurance Industry ....................................................................................................................1 1.2 Profile of Microinsurance ...................................................................................................................................3 1.3 The Role of the State in Social Protection ..........................................................................................................6

2. The Institution......................................................................................................................................... 7 2.1 History of the Institution.....................................................................................................................................7 2.2 Organisational Development ............................................................................................................................10 2.3 Resources..........................................................................................................................................................11 2.4 External Relationships ......................................................................................................................................11 2.5 Profit Allocation and...
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