SEWA's
Work Security Insurance
Illness,
widowhood, accident, fire, communal riots, floods and other such
natural and human-made calamities result in loss of work, income
and assets for poor working families. In times of such crisis,
poor families not only loose work and income, but also sell their
assets like land and houses and even borrow money at very high
rates. Hence, workers and their families are pushed further into
the cycle of poverty and indebtedness.
SEWA
started an integrated insurance scheme to support women in times
of crisis. Operative since 1992 in collaboration with our nationalised
insurance companies, it has demonstrated that insurance for the
poor can be run in a self-reliant and financially viable way.
32,000 members were covered this year through an annual individual
premium of Rs.60. This gave them some protection against the various
crises that continuosly threaten their lives and work. An additional
Rs.15 per annum ensured that their husbands got life insurance;
a widowhood insurance for women at their own insistence.
SEWA’s
Work Security Scheme
No |
Type of Coverage |
Rs. |
Rs. |
1 |
Life natural and accidental death 40000 – accidental
death |
23 |
3000 |
2 |
Windowhood (optional ) coverage of husband in case of natural
& accidental death |
15 |
40000 |
3 |
Health |
30 |
1200 |
4 |
Maternity Benefits |
- |
300 |
5 |
Flood, Fire, communal riots |
7 |
5000 |
