Mumbai Jesuits design insurance for migrants
Dec. 1, 2013
The Xavier Institute of Management and Research, (XIMR) in Mumbai has designed a unique financial solution to help migrant tribal people in Mumbai, India's financial capital.
The scheme, designed in collaboration with the Chotanagpur Migrant Tribal Development (CMTD) Network and Mumbai-based Jesuit social center Seva Niketan, is expected to help over. 20,000 migrant tribal people from Jharkhand, Chhattisgarh, Orissa and West Bengal live in Mumbai.
"It is running a pilot project to encourage monthly savings, incentivizing them with medical and health insurance for their family members," said press release from XIMR director Father Paul Vaz. The post–pilot ecosystem will consist of banks, insurance and healthcare companies, it said.
"The business solution is built on the premise that the livelihood of people at the bottom of the pyramid improves when they get access to finance," Father Vaz explained.
Other diocesan News
CSA-Jet Airways : Children's Day Celebrations
Jet Airways Annual Flight of Fantasy program to celebrate children’s day held on 11th Novem...
Nov. 14, 2017
Campaign Against Hunger and Disease
"Let us love, not with words, but with deeds!" declares Pope Francis in his letter calling for a&...
Nov. 13, 2017
OFFICIAL - World Day of the Poor
Pope Francis has decreed that the 33rd Sunday of every year should be dedicated to the poor. The ...
Nov. 13, 2017
OFFICIAL - APPOINTMENTS XII
Fr James Mascarenhas MSFS to be Priest in charge, St Frances de Sales Church, Koparkhairane Fr...
Nov. 4, 2017
Mumbai church-cum-school shares Pope Francis’ concern on environment, treats 90% waste
Pope Francis, who once famously said destroying the environment is a sin, has repeatedly urged ...
Oct. 30, 2017