Free Clinics in Pakistan Promote Microinsurance for Healthcare

Microfinance Focus, Nov. 11, 2009: ‘First Microinsurance Agency (FMiA)’ in Karachi has offered several hundred clients basic outpatient care, along with information on health insurance.  This is the part of a new programme designed to make poor people aware of microinsurance services and their benefits.

The health clinics programme, which is expected to continue, is meant to help fulfill FMiA’s goal of providing affordable insurance products carefully tailored to the needs of poor families.
“FMiA hopes to keep playing an important role in making health care easily available to its clients and others that need it,” said Al Malik Khoja, the acting CEO of FMiA.

Microinsurance services offered by FMiA include: hospitalization insurance, savings completion and credit life. Counselors at the clinics offer advice on microinsurance products, including how:
•    Health insurance provides cashless coverage for medical expenses incurred in private and medical hospitals due to serious illnesses, obstetric care and accidents,
•    Savings completion ensures that a family’s savings objectives are met even in the event of the death or injury of the breadwinner,
•    Credit life helps to protect the family of the loan borrower from debt in case of death or serious disability.

FMiA Pakistan is the first of two microinsurance institutions operated by the Aga Khan Agency for Microfinance (AKAM). FMiA focuses on the needs of poor families, in both the formal and informal economies, by providing them with a range of financial products that will help protect their assets and well-being.

AKAM is a not-for-profit; non-denominational, international development agency created under Swiss law and it has 13 microcredit operations and two microinsurance operations in 13 countries. Its headquarters are in Geneva, Switzerland. It is governed by a Board of Directors and the Chairman of the Board is His Highness the Aga Khan.

© 2009, Microfinance News. All rights reserved. 2008-09

One Comment on “Free Clinics in Pakistan Promote Microinsurance for Healthcare”


  1. Free Clinics in Pakistan Promote Microinsurance for Healthcare « The Ismaili News

Write a Comment

Gravatars are small images that can show your personality. You can get your gravatar for free today!

Copyright © 2015 Microfinance News. All rights reserved.

© 2009-2011 Microfinance Focus All Rights Reserved

Switch to our mobile site