Micro Insurance Service

Micro insurance Service

Gslbsl is providing micro insurance products that address client’s needs for risk management in addition to its saving and credit products clients are highly vulnerable to economic shocks caused by events such as the death of family members, illness, destruction of valuable assets of a disabling injury.  The clients are offered term life insurance linking them with insurance companies. In case of a client’s natural death, their family or responsible person will not need to pay a loan. The insurance company compensates for the total loan amount and gives some expenses for the funeral. If a client dies in an accident, the company provides 200% of the loan amount to their family and some funeral expenses. If the client is fully disabled to work from an accident, the company compensates for his total loan.

 

Client Protection Fund

Skill development, Client Protection Scheme

Skill development, life, and housing protection scheme is to provide skill development programs, compensate for the damage of the member’s residential house caused by natural calamities. Minimal 1000 to NRs 5,000 is provided as compensation in case of the damage of the house caused by natural calamities. In addition, to seeking safe motherhood NRs 1,000 is provided to the member for the first two delivery cases. After two deliveries if member joint at permanent family planning program Rs.500 is provided. And also scholarship is providing for member son or daughter on the talent hunt basis for one child each branch. Further additional a maximum Rs. 3000 is provided for medical treatment if the client’s family member hospitalized for the causes of the bite of a dangerous wild animal. In this scheme, the organization also provides skill development training for members to develop their own skills.