Kashf-Foundation-Insurance-2

Micro-Insurance: 3 Types Of Kashf Foundation Insurance {Updated}

Kashf Foundation Insurance is a non-profit program that offers a range of insurance products designed to cater to the specific needs of low-income individuals and families in Pakistan.

The organization’s flagship programs include Kashf Life Insurance, Kashf Health Insurance, and Kashf Animal Insurance, each of which provides much-needed protection to vulnerable communities.

In this article, we will explore each of these insurance programs in more detail, and highlight the impact that they have had on the lives of low-income individuals and families in Pakistan.

Micro-Insurance: 3 Types Of Kashf Foundation Insurance

Kashf-Foundation-Insurance (2)
Kashf-Foundation-Insurance (2)

Table of Contents

What Is Kashf Foundation?

Kashf-Foundation-Loan
Kashf-Foundation-Loan

Kashf Foundation is a non-profit organization that provides microfinance services to low-income households, especially women, in Pakistan.

It was founded in 1996 and has since provided loans and other financial services to over 3 million clients across the country.

Types Of Loans Offered By Kashf Foundation

Kashf-Easy-Loan-Schemes
Kashf-Easy-Loan-Schemes

  • Kashf Easy Loan: This loan is designed to meet the emergency needs of the clients, such as medical expenses or home repairs.
  • Kashf Karobar Karza: This loan is designed for small business owners who need financing to start or expand their businesses.
  • Kashf School Sarmaya: This loan is designed to support the education of children by providing financing to schools and educational institutions.
  • Kashf Mahweshi Karza: This loan is designed for rural women who need financing to start or expand their livestock businesses.
  • Kashf Marhaba Product: This loan is designed to help clients finance their Hajj or Umrah pilgrimage.
  • Kashf Sahulat Karza: This loan is designed to help clients finance their household expenses or meet unexpected expenses.

Insurance Offered By Kashf Foundation

Kashf-Foundation-Insurance-Types
Kashf-Foundation-Insurance-Types

  • Kashf Life Insurance: This insurance product provides coverage for the client’s life, ensuring that their family is financially protected in case of their death.
  • Kashf Health Insurance: This insurance product provides coverage for the client’s medical expenses, ensuring that they can access quality healthcare without financial burden.
  • Kashf Animal Insurance: This insurance product provides coverage for the client’s livestock, ensuring that they are financially protected in case of theft or death due to illness.

Overall, Kashf Foundation is dedicated to promoting financial inclusion and empowering low-income households in Pakistan through access to microfinance services and insurance products.

Kashf Foundation Insurance

Kashaf Health Insurance

Kashf-Foundation-Health-Insurance
Kashf-Foundation-Health-Insurance

Kashaf Health Insurance is a comprehensive health insurance product that was introduced by Kashaf Foundation Insurance in 2014.

Here are some of the key features of Kashaf Health Insurance:

Kashf-Foundation-Health-Insurance-Key-Features
Kashf-Foundation-Health-Insurance-Key-Features

  • Premium Payments: Premium payments are spread across 12 months, making it easier for policyholders to manage their payments.
  • Family Coverage: The policy provides coverage for the entire family, including spouse and children.
  • Accidental Emergency Coverage: Kashaf Health Insurance also covers accidental emergencies, ensuring that policyholders have access to medical care when they need it most.
  • No Exclusion of Common Pre-Existing Conditions: The policy does not exclude common pre-existing conditions, ensuring that individuals with existing medical conditions can still receive coverage.
  • Work Compensation Benefit: The policy also provides a work compensation benefit to the major breadwinner in the family, ensuring that they are financially protected in case of a work-related accident or injury.

Kashf Animal Insurance | Pet Insurance

Kashf-Foundation-Animal-Insurance
Kashf-Foundation-Animal-Insurance

Kashf Animal Insurance, also known as Pet Insurance, is a unique insurance product offered by Kashaf Foundation Insurance that provides financial protection to farmers and livestock owners in the event of an animal’s illness, injury, theft or death.

Here are some of the key features of Kashf Animal Insurance:

Kashf-Foundation-Animal-Insurance-Key-Features
Kashf-Foundation-Animal-Insurance-Key-Features

  • Year Introduced: Kashf Animal Insurance was introduced in 2017.
  • Premium Payments: Premium payments can be spread across the loan tenure, making it easier for farmers and livestock owners to manage their payments.
  • Coverage: The policy covers 90% of the loan amount in the event of theft or death due to illness, providing much-needed financial protection to farmers and livestock owners.
  • Illness Coverage: The policy also covers illness-related expenses, ensuring that policyholders can receive the necessary medical care for their animals.
  • Theft Coverage: The policy covers theft, ensuring that policyholders are financially protected in case of animal theft.

Kashf Animal Insurance is a valuable product for farmers and livestock owners who rely on their animals for their livelihood.

By providing financial protection in the event of an animal’s illness, injury, theft or death, the policy ensures that farmers and livestock owners can continue to support their families and communities.

Kashaf Life Insurance

Kashf-Foundation-Life-Insurance
Kashf-Foundation-Life-Insurance

Kashaf Life Insurance is a unique insurance product offered by Kashaf Foundation Insurance to provide life insurance coverage to individuals who may not have access to traditional insurance products.

Here are some of the key features of Kashaf Life Insurance:

  • Accessibility: The program is specifically designed to cater to the needs of low-income individuals who may not be eligible for conventional insurance policies.
  • Affordability: Kashaf Life Insurance offers coverage at affordable rates, making it accessible to a larger segment of the population.
  • Customization: The insurance policy can be customized to meet the specific needs of the individual, including the sum assured, term of the policy, and premium payments.
  • Coverage: Kashaf Life Insurance provides life insurance coverage for natural or accidental death, with an option to add disability coverage as well.
  • Premiums: The premiums for the policy can be paid on a weekly, monthly, or quarterly basis, making it easier for individuals to manage their payments.
  • Claim settlement: The claim settlement process is straightforward and transparent, with the policyholder’s beneficiaries receiving the sum assured in the event of the policyholder’s death.
  • Additional benefits: In addition to life insurance coverage, the policy also offers additional benefits such as accidental death and disability coverage, which can provide additional financial support to the policyholder and their family.

How To Apply For Kashaf Foundation Insurance

Kashf-Foundation-Application-Process
Kashf-Foundation-Application-Process

Here are the steps to apply for Kashaf Foundation Insurance by visiting the nearest Kashaf Center:

  • Locate the nearest Kashaf Center: Visit the Kashaf Foundation website and use the “Contact Us” page to find the nearest Kashaf Center to your location.
  • Visit the Kashaf Center: Once you have identified the nearest Kashaf Center, visit it during the working hours. You can find the working hours for each center on the website or by calling their helpline.
  • Speak to the representative: Once you arrive at the center, speak to the representative about the insurance product you are interested in. They will provide you with detailed information about the product, including the coverage, premium payments, and policy terms and conditions.
  • Provide required documentation: To apply for the insurance product, you will need to provide the required documentation, which may include your ID card, proof of income, and any other relevant documents.
  • Fill out the application form: The representative will provide you with the application form for the insurance product. Fill out the form carefully, providing accurate information about yourself and your family members.
  • Submit the application: Once you have filled out the application form and provided the required documentation, submit the application form to the representative. They will review the application and provide you with any additional information or clarification, if needed.
  • Wait for approval: The application process may take some time, depending on the specific insurance product and the policy terms and conditions. You will receive notification from Kashaf Foundation once your application is approved.

Kashf Foundation Contact Number

Kashf-Foundation-Contact-Number
Kashf-Foundation-Contact-Number

If you need to get in touch with Kashf Foundation, here are the contact details you can use:

  • Website: www.kashf.org/insurance
  • Email: insurance@kashf.org
  • Helpline: 0800-000-55
  • Address: Kashf Foundation Head Office, 10-C, Lane 1, Shahbaz Commercial Area, Phase VI, DHA, Karachi, Pakistan.

If you have any queries or need assistance with your insurance policy, you can email the insurance team or call the helpline number provided. Additionally, if you prefer to visit in person, you can go to their head office located in Karachi.

Kashaf Foundation insurance Pros And Cons

Kashf-Foundation-Pros-And-Cons
Kashf-Foundation-Pros-And-Cons

Pros:

  • Affordable premiums: Kashaf Foundation Insurance offers insurance products that are affordable and accessible to low-income families.
  • Comprehensive coverage: The insurance products offered by Kashaf Foundation Insurance provide comprehensive coverage for various aspects of life, including health, life, and animal insurance.
  • Spread-out payments: Premium payments for Kashaf Foundation Insurance products can be spread out over an extended period, making it easier for policyholders to manage their finances.
  • No exclusion of pre-existing conditions: The health insurance products offered by Kashaf Foundation Insurance do not exclude pre-existing medical conditions, ensuring that individuals with existing medical conditions can receive coverage.
  • Work compensation benefits: The health insurance products offered by Kashaf Foundation Insurance also provide work compensation benefits to the major breadwinner in the family, ensuring financial protection in case of work-related accidents or injuries.

Cons:

  • Limited coverage: The insurance products offered by Kashaf Foundation Insurance have limited coverage and may not cover all medical expenses.
  • Limited geographic coverage: Kashaf Foundation Insurance is currently only available in Pakistan, limiting its accessibility to people in other countries.
  • Limited product offerings: Kashaf Foundation Insurance only offers a limited number of insurance products, which may not cater to the needs of all individuals.
  • Limited accessibility: Some people may have difficulty accessing Kashaf Foundation Insurance products due to geographical or logistical barriers.

Kashaf Foundation Insurance FAQs

What is Kashaf Foundation Insurance?

Kashaf Foundation is a non-profit micro-insurance provider in Pakistan that offers affordable insurance products to low-income families, including health insurance, life insurance, and animal insurance.

Who can apply for Kashaf Foundation Insurance?

Kashaf Foundation Insurance is available to individuals and families who meet the eligibility criteria, which may vary depending on the specific insurance product.

How can I apply for Kashaf Foundation Insurance?

You can apply for Kashaf Foundation Insurance by visiting their website, calling their helpline number, or visiting their head office in Karachi.

What types of insurance products does Kashaf Foundation Insurance offer?

Kashaf Foundation Insurance offers health insurance, life insurance, and animal insurance products.

What is the coverage period for Kashaf Foundation Insurance products?

The coverage period for Kashaf Foundation Insurance products varies depending on the specific insurance product and the policy terms and conditions.

What is the claims process for Kashaf Foundation Insurance products?

The claims process for Kashaf Foundation Insurance products varies depending on the specific insurance product and the policy terms and conditions.

You can contact their customer support team for more information on the claims process.

Is Kashaf Foundation Insurance available in all parts of Pakistan?

Kashaf Foundation Insurance is currently available in selected regions of Pakistan. You can visit their website or contact their customer support team for more information on their geographic coverage.

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