15. Micro-Insurance: Types – The Independent Model

In the Independent Model type of micro-insurance, the micro-insurance scheme and the service provider have no direct relationship. Here, the insured members are free to chose any health care provider and the scheme will directly reimburse to the members the costs of the services used, as defined in the benefit package. The model is applicable only in case of health micro-insurance.

The advantages of this model are that it is simple to design, easy to manage, flexible mechanism and it is possible extended coverage of services.

The disadvantages of this modely is that there is no possibility to control quality of services; the poor people are not encouraged to enrol as they need to pay upon usage of services and will be reimbursed later; the claims processing can be cumbersome; necessity of tight control of the claims; and there are limited benefits for members.

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CONTENTS:
1. Micro-Insurance: The Difference between Formal and Informal Economy…….2. Micro-Insurance: Characteristics of Formal and Informal Economy…….3. Micro-Insurance: Definitions of Informal Economy…….4. Micro-Insurance: Scope of Informal Economy…….5. Micro-Insurance: Some Facts about Informal Economy…….6. Micro-Insurance: Women and the Informal Economy…….7. Micro-Insurance: Implications of Informal Economy on Women…….8. Micro-Insurance: Social Protection…….9. Micro-Insurance: Social Protection is a Human Right…….10. Micro-Insurance: The Need for Social Protection…….11. Micro-Insurance: Risks…….12. Micro-Insurance: Risks in the Informal Economy…….13. Micro-Insurance: Definition…….14. Micro-Insurance: Principles of Micro-Insurance…….15. Micro-Insurance: Types – The Independent Model…….16. Micro-Insurance: Types – The Partnership Model…….17. Micro-Insurance: Types – The Provider Model…….18. Micro-Insurance: Types – The Integrated Model…….19. Micro-Insurance: Types – The Full-Service Model…….20. Micro-Insurance: Health Micro-Insurance