Initiated by our sister agency, The Community Services Guild (CSG), in August 2007, the insurance program was transferred to TRUST’s care when CSG chose to withdraw from the community.
Although our constituents have made substantial inroads into micro-savings and credit to better their economic situation, this particular program was set up with the intention of helping them to better secure their financial future.
In partnership with the Life Insurance Corporation of India (LIC), the TRUST insurance program supports our constituents by facilitating access to yet another means of providing for themselves and their families. The investment in micro-insurance serves as a financial security net for constituents in later years when they can no longer work to provide for themselves, while also keeping dependent families from having to suddenly fend for themselves in the event of a constituent’s demise.
Since the beginning of the insurance program in August 2007, TRUST has helped over 46,000 members invest in micro-insurance, and assisted over 40,000 members in renewing policies during that period.
While our constituents’ commitment to micro-savings and micro-credit has greatly enhanced their ability to provide for themselves and their families, TRUST hopes that their investment in micro-insurance will help further diversify their savings for the future.
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