Insurance - Ripple Capital

Mission

To provide accessible, affordable, and tailored insurance solutions that protect low-income individuals and small businesses from financial risks, empowering them to achieve financial stability and resilience while promoting sustainable development. This mission aligns with our core objectives which focus on financial inclusion and poverty
alleviation, by offering insurance products that safeguard the most vulnerable against unforeseen challenges.

Insurance Division Products

The insurance department offers a range of products
tailored to the needs of low-income individuals,
small businesses, and marginalized communities. These
products include:

1. Micro Health Insurance

Affordable health coverage that provides access to essential medical services for individuals and families, covering hospitalization, doctor visits, and medications.

2. Credit Life Insurance

A product that ensures outstanding loan balances are paid off in the event of the borrower’s death, protecting both the borrower’s family and the lender.

3. Micro Business Insurance

Coverage for small businesses against risks such as theft, fire, or natural disasters, ensuring that entrepreneurs can recover and rebuild without facing financial ruin.

4. Agricultural Insurance

Protection for farmers against crop loss due to drought, floods, or pests, helping them manage the risks associated with unpredictable weather and other hazards.

5. Funeral/Term Life Insurance

Low-cost life insurance that provides financial support to a borrower’s family for funeral costs or immediate living expenses in the event of death.

6. Disability Insurance

Coverage that provides income replacement for individuals who are unable to work due to injury or illness, helping them sustain their livelihoods during recovery.

7. Asset Insurance

Protection for personal assets such as livestock, tools, or vehicles, ensuring individuals can recover from unexpected losses and maintain their income-generating activities.

8. Hospital Cash Plans

A plan that provides a fixed daily cash payout to policyholders during hospitalization, helping cover non-medical expenses like transportation, food, or lost wages.

9. Savings-Linked Insurance

A hybrid product where part of the premium is allocated toward savings, providing clients with protection and the opportunity to build a financial cushion.

10. Disaster and Calamity Insurance

Products that protect marginalized communities and businesses from the financial impact of natural disasters like floods, earthquakes, or storms.

These products are designed to be simple, affordable, and accessible, addressing the specific risks faced by the target population while promoting financial security and resilience.

Guiding Principes for the Insurance Division

1. Accessibility: Ensuring that insurance products are easy to understand, affordable, and available to underserved populations.
2. Customer-Centricity: Prioritizing the needs of clients, designing solutions that are simple, transparent, and adaptable to their unique circumstances.
3. Trust and Transparency: Building trust with clients through clear communication, ethical practices, and reliable service.
4. Financial Inclusion: Committing to providing financial protection to individuals and businesses who typically lack access to traditional insurance products.
5. Social Responsibility: Fostering community well-being by offering insurance solutions that promote resilience and help alleviate poverty.
6. Sustainability: Developing insurance products that support long-term stability for both the clients and the environment, ensuring a positive impact on society.
7. Empowerment: Enabling clients to mitigate risks and confidently take steps toward personal and business growth through proper financial protection.

Frequently Asked Questions

What types of insurance products does Ripple Capital offer?

Ripple Capital provides a range of insurance solutions, including micro health insurance, credit life insurance, micro business insurance, agricultural insurance, and funeral/term life insurance. We also offer specialized products like disability insurance, asset insurance, and disaster and calamity coverage.

Who can apply for your insurance plans?

Our insurance products are designed to be accessible to individuals, small businesses, and marginalized communities. We prioritize providing coverage to underserved groups, including small-scale farmers, micro-enterprises, and low-income families, ensuring that everyone has access to financial protection.

How do I file an insurance claim?

To file a claim, contact our support team via phone or email. You will need to provide your policy details, supporting documents (such as proof of loss or medical reports), and a completed claim form. Our claims team will review your submission and guide you through the next steps to ensure a quick and smooth claims process.

What is credit life insurance, and how does it work?

Credit life insurance is designed to pay off your outstanding loan balance in the event of your death. This ensures that your family is not burdened with repaying your debt, and it protects both you and the lender from financial loss.

Can I bundle multiple insurance products for a discount?

Yes, Ripple Capital offers bundled insurance packages that allow you to combine multiple products, such as micro health and business insurance, for a discounted premium. This provides comprehensive coverage at a more affordable rate, ensuring you get the best value for the financial protection needs.