The need for insurance becomes critical when it comes to low income levels as seen in the rural scenario. However, due to lack of awareness, availability of suitable products and services, reach and paperwork involved, they stay away from taking insurance.
Now FINO launches FINO-Sure, a micro-insurance solution that can enable Insurance companies to reach out to these customers and serve the need, while maintaining financial viability.
FINO’s Micro-Insurance product rides on the existing and proven network of Smart Card holders, who can access other financial services from the same card. FINO solutions enable routing of life, health and weather insurance products and services to low income category individuals/groups thereby providing them with the much-needed “assurance” to carry out their day-to-day activities.
Fino-Sure is the middle layer between the Insurance company and end-customer, providing the geographical coverage, scalable technology platform and processing capabilities for Insurance business.
Benefits
- Enables Cashless and Paperless Insurance processing to effectively reach Bottom of Pyramid customers
- FINO-Sure Uses technology in cutting costs, maximizing efficiency, and ensuring sustainable delivery of microinsurance.
- Innovation in technology and its potential role in making microinsurance delivery to the poor a viable business.
- TPA work is facilitated by the use of FINO-Sure
- Timely payment of benefits
- With the help of this product, Insurance companies can make their services available in rural and semi urban areas through our network of agents.
- Multi-product card, holding insurance as well increases the utility for customer and cross selling opportunities for FI
Fino-Sure can be configured to serve Life, Non-Life and Weather insurance schemes of Insurance companies. |