Grama Vidiyal has been implementing micro insurance since 1993 and has a stabilized product now after experimental collaborations with several public sector as well as private insurance companies. The sum assured is INR 20,000 (USD 500) to the family of the deceased member, on the death of the member due to any cause. The premium for the product is reasonably low and the documentation required for processing of claims is minimal.

Grama Vidiyal has worked with various companies in delivering insurance:

•Previous Partners : LIC, ICICI Lombard, Max New York, AMP Sanmar & TATA-AIG

•Current Partner : Bajaj Allianz

Today, Grama Vidiyal is one among the largest micro insurance providers in India and received the Finalist Award in Shimmer Category Insurance from ING and Planet Finance. It was also studied by ILO for a case study – “Micro insurance and Microfinance Institutions”. 

For the last three years alone the number of lives covered using insurance is 363,751 and the number of the families enlightened with the claim benefit worth in INR 10,360,000.

Dr. Rao, Chairman IRDA presenting Insurance
award to ASA-GV

Mr. Mohan, Manager, Andhra Bank giving
Insurance Certificate to nominee