Micro Insurance

For the first Quarter of 2017 Meada insured a total number of 20,466 and total loans of USD6,024,691. The table below shows details on membership for the two micro-insurance products – loan protection and basic life.
 Indicators 
Q1 2017 Q4 2016 Q3 2016 Q2 2016
 Q1 2016
 No. of SAMIC branches covered 
17 17 17 17
 17
 Total SAMIC clients insured
13,003 13,181 13,821  14,397
 14,772
       Loan protection
3,243 3,762 5,421  7,918
 9,727
       Basic life
9,760 9,419 8,400  6,479
 5,045
 Active spouse for basic life
5,203 5,095 5,003  4,557
 3,978
 Head Office/Basic life
314 324 324  260
 260
 None SAMIC Client insured 1,946 1,319 1,097  833  636
 Total number of insured
20,466 19,919 20,245  20,047
 19,646
 Total amount of loan insured (USD)
6,024,691 5,165,001 4,580,034  4,420,386
 3,729,800

 

SOCIAL AND ENVIRONMENTAL RESPONSIBILITIES

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    One Client One Tree

    To raise awareness of green environment to our clients and their communities, on 19 July 2014 SAMIC Plc launched an environmental campaign called ‘One Client One Tree’ in which 700 small ... Read more