Presented by Vatsal Joshi at the Workshop on Developing Index-Based Livestock Insurance to Reduce Vulnerability due to Drought-related Livestock Deaths, ILRI, Addis Ababa, Ethiopia, 12 July 2010.
Unraveling Multimodality with Large Language Models.pdf
Index Based Insurance: BASIX experience
1. Index Based Insurance BASIX Experience Workshop on Developing Index-Based Livestock Insurance to Reduce Vulnerability due to Drought-related Livestock Deaths ILRI, Addis Ababa, Ethiopia 12 July 2010
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3. Insurance Product Suite BASIX strives to offer complete risk management services to its customers and its journey to develop appropriate solutions still continues……. Life Insurance Health Insurance Micro Enterprise Insurance Weather Based Crop Insurance PA Insurance Micro Pension Livestock Insurance ?? ??? ??? ???
4. Weather Based Crop Insurance Background Eco System Experience so far Challenges Ahead The Current Product
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6. The Current Product Sample Product Configuration Cover Phase I II III Duration 35 days 35 days 40 days PUT Strike (mm) < 45 55 - Exit (mm) < 5 5 - Notional (Rs / mm) 10.00 10.00 - Policy Limit (Rs) 1,000 1,000 - Phase premium (Rs) 110 100 CALL Strike (mm) > - - 500 Exit (mm) > - - 570 Notional (Rs / mm) - - 10.00 Policy Limit (Rs) - - 1,000 Phase premium (Rs) - - 90
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8. Eco System for Weather Insurance BASIX Customer Insurance Co ICICI Lombard Re-Insurance Co Swiss Re Facilitators *World Bank (CRMG) *Indian Met Dept *NCMSL/INGEN (Pvt met data provider) *ICRISAT (crop research inst) *ILRI (Lac research inst) *State Agri Dept
17. LSA travel to village Interacts, assesses and provides… Credit Insurance Agri-Business development services Are Manager Branch Head FX1 FX 2 FX 5 Accountant Transaction Assistant LSA 1 LSA 2 LSA 3 15 to 20 villages 15 to 20 villages 15 to 20 villages FX- Field Executive LSA- Livelihood Service Advisor FX4 FX 3 LSA 5 LSA 4 15 to 20 villages 15 to 20 villages The delivery model BASIX Branch