Insurance Program

Insurance Program

For the welfare of the partners, KSSS introduced two insurance schemes.

Insurance schemes

• Medical Insurance Program

The main objective of the scheme is to protect the poor people who are living in the rural areas of Kothamangalam Diocese Various diseases and accidents are covered under this scheme. It is a one year family medical insurance program launched with the support of New India Assurance Company, United India Insurance company and National Insurance Company. KSSS has been running this program since 1990 and thousands of poor people enjoy the benefits of this scheme. From 2005-06 KSSS decided to implement this program through various Credit Unions.

• Cattle Insurance program

Cow rearing is one of the main activities and sources of income to the rural people in our operational area. Usually these farmers buy cows with loans and they cannot repay the loan inspite of their best effort, either due to the death or disease of their cows. To help these farmers KSSS implements cattle insurance program with the support of new India Assurance Company. If any insured cow dies the company will give full-insured amount and if any loss or accident occurs they will give 50% of insured amount. Since the beginning of this program thousands of farmers are enjoying the benefits of this program.