Swabhimaanya Rolls Out Insurance Schemes for domestic help
Monday, February 20, 2012
In a bid to provide insurance schemes for the bottom-of-the-pyramid clientele, financial inclusion company Swabhimaanya Monday rolled out insurance cover starting with premiums as low as Rs.200 per annum for domestic helps and chauffeurs.
“With around 100 million domestic help employed across India, the need of the hour is to empower this section of the society with basic financial exposure,” said Swabhimaanya chief executive and managing director Rahul Pagare, adding that the firm plans to reach out to one million people by the end of year.
“This seems as a very achievable dream as most of the help in metropolitan (cities) are employed by literate house owners who can help their domestic help to avail these services.”
