Svatantra’s unique mediclaim product designed to meet medical needs of Rural India.
Svatantra Microfin Private Limited enrolled over 10 lac rural beneficiaries in 250 districts across 13 states in rural India with an affordable cashless mediclaim product called Svatantra Grameen Care. With more than 6000 claim settlements worth INR 9.5 crs in 1200 hospitals, this is a first-of-its-kind product category in rural India. Svatantra Microfin offers microloans to rural women.
Svatantra Grameen Care mediclaim was launched in 2016 and is offered as an optional product on top of a microloan. It is exclusively designed for Svatantra customers with predefined rates for healthcare expenditure. Health expenses occupy a significant part in Svatantra customer’s monthly expense. Health expenses are mostly unplanned and sudden in nature. For instance, a lady from a rural village in Maharastra was asked to produce INR. 40,000 on admitting her husband for cardiac arrest.
These are quite stressful situations and a common occurrence. But losing a dear one over money woes are helpless times. As per a statistic, 62% of health spends in India is an out-of-pocket expense. Svatantra Grameen Care product thus comes as a handy solution to our rural customers whenever there is a sudden health care need.
Svatantra Grameen Care is designed keeping in mind such scenarios. To ensure the success of mediclaim, Svatantra Microfin team has made sure that customers are adequately educated about the product. There is a dedicated 24X7 in-house medical concierge helping clients. It is a cashless mediclaim for 5 members of the family (including in-laws), where dependents up to 80 years of age can be insured. With just a premium of INR. 80 a month the woman of the house can insure her entire family and get treatment worth INR. 50, 000.
For more information about the company please visit www.svatantramicrofin.com
