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Programe> Micro Insurance (Emergency Fund)
IDF launched this component in October 1997 in response to the request of group members to help their families in case of serious sickness or death of any income earners of their families. The objectives and detail operational procedures are presented below.

Objectives:

• To provide financial assistance to the members in case of serious sickness or    death of any income earners of their families.

• To help members in case of any natural calamity or disaster.
Formation of Fund:

The fund is created by:

• 4% of service charge and

• Premium of group members. The premium is charged on the basis of loan size  ranging from Tk.50 to 250.

Conditions and amount of grants

Particulars
For Member
Family members
Death
1st & 2nd loanee


3rd loanee & above
Tk. 500+Outstanding loan amount, maximum of Tk. 5,000

Tk. 500+Outstanding loan amount, maximum of Tk. 5,000
Up to Tk. 1,500


Up to Tk. 2,000
Health
1st & 2nd loanee

3rd loanee & above
Up to Tk. 1,000

Up to Tk. 1,500
Up to Tk. 1,000

Up to Tk. 1,500