Indian Industries Association launches cost-effective health insurance scheme for MSMEs

Members of Indian Industries Association- the apex association of Micro Small and Medium Enterprises (MSMEs), employees of member MSMEs and their families will now benefit from a specially designed comprehensive group health insurance scheme that provides health insurance coverage at much attractive terms.Micro-Small-and-Medium-Enterprises

The IIA Health Insurance scheme was launched on Friday in the presence of Manish Goel, president Indian Industries Association (IIA), Anjali Malhotra, Divisional Manager, New India Assurance Co Ltd., New Delhi and Navneet Ravikar – CMD, Leads Insurance Brokers Pvt. Ltd. The scheme is being looked at as a landmark scheme in the area of social security for MSMEs and is focused to encourage the ‘Make in UP & Make in India’ initiative.

For the purpose of rolling out the IIA Health Insurance Scheme across the state, an MOU was signed between IIA, The New India Assurance Co. Ltd. and Leads Insurance Brokers Pvt. Ltd. a leading insurance broking firm in Uttar Pradesh. Under the captioned scheme the IIA will facilitate the enrollment process and will guide the team of enrolling member of MSMEs.

The insurer will be responsible for underwriting, claims settlement on cashless basis and overall management of the policy on day to day basis. In order to enable the members avail cashless advantage anywhere in India, a cashless card will also be issued to every insured individual along with a list of cashless hospitals. Leads Insurance Brokers Pvt. Ltd. will act as a service provider under the scheme and will work along with IIA for making the scheme successful.

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