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| Naya Jeevan’s mission is to provide social protection to low-income families in an efficient and inclusive manner through a unique micro health insurance model. Our model creates scalable partnerships with corporations, schools and individuals that employ low-income individuals, to leverage an existing, quality inpatient and ER-trauma healthcare delivery system. In addition to health insurance, Naya Jeevan is also working towards improving family health through health education and reducing infant/child and maternal mortality within low-income populations residing in urban areas of developing countries.
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| Our vision is one of collective social responsibility. By directing market forces towards an untapped social segment, we envisage to provide quality healthcare to nearly 75,000 low-income individuals over the next 3 years. |
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| Consider the following: |
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- Despite South Asia's rapidly growing economies, public expenditure on healthcare remains as low as 3% of total expenditure. Simultaneously, urbanization is on the rise as the corporate sector expands. Yet direct access to quality healthcare is cost prohibitive for low income individuals.
- Medical calamities often precipitate generational poverty among millions of vulnerable people in South Asia. Low-income families in urban centers are particularly at risk of being trapped in a cycle of poverty and indebtedness at the behest of health care expenses or catastrophic medical events. If the primary bread-winner of a low-income family experiences medical trauma or loss of life, children in urban centers, that may otherwise have access to private, public or non-profit education, are forced to leave school and enter the labor force.
- Adequate and equitable healthcare financing is a critical need in developing countries. Most of the healthcare expenditure today is paid out of pocket, resulting either in financial distress, indebtedness or inadequate care. There is a clear need for an increase in access to health insurance.
- The insurance industry is experiencing a period of double-digit growth, but currently health insurance coverage is commercially designed for more affluent corporate beneficiaries. No private insurance company is catering to the low-income segment, which represents 96% of the insurable market.
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Naya Jeevan plans to focus its health plan on this uninsured low-income population in urban centers of developing countries. We have negotiated an affordable health insurance plan with our valued insurance partners Allianz-EFU and IGI Insurance in order to provide a high quality inpatient and ER-Trauma healthcare delivery system.
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| The social impact that is envisioned as a result of Naya Jeevan’s efforts includes: |
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- Mitigation of urban child labor and child exploitation
- Reduction of mortality attributable to acute infectious diseases
- Reduction in the incidence of recreational/addictive substance abuse
- Reduction in maternal mortality attributable to emergent pregnancy complications
- Reduction in poverty growth rates
- Reduction in worker absenteeism
- Improved CSR for our corporate partners
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