We assist micro-enterprise clients through the introduction of products that are embedded with micro insurance. The insurance premium element covers death, hospitalization, incapacitation and natural perils. As a result, the indebtedness of a deceased client is no longer the burden of the group or family members. GIF is able to write off the outstanding loan and also give a token amount to the next-of-kin to defray funeral costs. For clients who may fall sick and are hospitalised at a hospital or clinic that is accredited by the insurance scheme, GIF shall exempt them from making their scheduled repayment for the period they are hospitalised.
