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MICRO INSURANCE ACADEMY

perm_identityFounded by David Dror ( 15years of experience )

roomnew gayaghat, lewis road , Beed, Maharashtra - 431122

languagewww.mia.org

view_headline Area of focusEnvironment

view_module Geographical ActivityMaharashtra

Funding requirement₹32,000,000

Project Completed 0

ABOUT

Extensive quantitative, qualitative and spatial data has been collected on socio-economics, agricultural activities, livestock rearing, health related issues, perception on climate change, financial coping mechanisms and local hazards. Primary data has been complemented by climate data procured from the Indian Meteorological Department (IMD) and satellite data. Using the collected data, benefit options for schemes that cover various climate-related risks have been designed and priced. Various research studies on climate change impact on groundwater availability for domestic use and climate impact on agricultural risks have been conducted. Insurance awareness tools have been designed, awareness campaigns conducted and a local ground structure to administer the insurance schemes are being established. In the next phase of the project, communities will select an appropriate insurance package and begin enrolling households into schemes. The risk transfer measures are being embedded into a comprehensive adaptation framework. As a first layer adaptation measures for risk reduction (e.g. agriculture value chain services) have the potential to address the larger portion of the risk cost efficiently. By reducing the risk, other financial solutions like risk transfer become affordable. The residual risk, which cannot be transferred cost efficiently, has to be taken prudently. Agriculture value chain benefits could cover dissemination of better agricultural practices to farmers, access to quality seeds and fertilizers, watershed management practices, agro-met services and better access to markets etc

VISION

Employment enhancing vocation skills,Promoting education, including special education

LEGAL

  • Your organisation is registered as
    Public Charitable Trust
    Permanent account number (PAN)
    1234567890
    Registration number / CIN & registration date
    1234567890 - 01-01-2016
    12A registration number & registration date
    N/A
    80G registration number & registration date
    N/A
    FCRA registration number & registration date
    N/A
    35AC registration number & registration date
    N/A

FINANCIAL

  • 1 - Financial year 2015-2016
    Annual budget
    ₹32,000,000
    Total income
    ₹0
    Total expenditure
    ₹0
    Average monthly expenditure
    ₹32,000,000
    Total fixed assets
    ₹0
    Long term loan
    ₹0
    Total funding gap
    ₹0

OPERATIONAL

  • Number of full time employees
    4
    Number of part time employees
    N/A
    Number of consultants
    N/A
    Number of volunteers / interns
    N/A
    Which operational area do you require additional help with?
    Finance

GOVERNANCE

  • Number of board members
    4
    Number of meetings done
    N/A
    Governance photos
    Governance documents

PROJECT

  • 1 - Project Rural Development Project
    Who are your major funders?
    Government Bodies, Other Domestic NGOs, Domestic Companies
    Name your funders
    credible alliance
    Project start date
    01-04-2016
    Project end/expected close date
    31-12-2016
    Project Sector
    N/A
    Location
    Bihar,Maharashtra
    City(ies)
    Beed,Muzaffarpur
    Area/Town name
    N/A
    Budget
    ₹32,000,000
    External funding received
    ₹0
    Number of beneficiaries
    7,000
    Project type
    Government
    Project photos
    Project documents
    Project description

    Since July 2015, in Vaishali district, Bihar, 3,311 individuals have been covered by health insurance, from which 75 have additionally availed livestock and 232 crop insurance. MIA pioneered a composite risk, multiple underwriting models: The health risks are fully mutualized and covered by the community, the crop risks are fully underwritten through group (not individual) polices by a commercial insurer, and livestock risks are covered through a combination of mutual-aid and commercial underwriting. The community decided on the risk coverage and is responsible for enrollment and awareness creation as well as settlement to the individual members. The cumulative enrollment figure is 6,973 individuals (Vaishali: 2014/15 for Hajipur and Bidupur blocks and 2015/16 for Hajipur, Bidupur and Vaishali blocks). The preparation of the launch of the schemes in Muzaffarpur district, Bihar, and Beed district, Maharashtra, is ongoing.