Activity Description: BASIX delivers comprehensive insurance and microcredit services to individuals, groups, and external institutions to improve rural livelihoods. BASIX partners with ICICI Prudential and AVIVA to offer life insurance, with Royal Sundaram General Insurance Company for livestock insurance and ICICI Lombard for rainfall insurance.

BASIX also teams up with NGOs, government, co-operative, and private-sector agencies that to provide seed money and sector-specific skills training to rural entrepreneurs.

BASIX also engages in 1.research and consulting, to provide better management support and financial services to community-based organizations (CBOs) for the implementation of pilot projects and 2. policy and advocacy work to promote the growth and development of the micro-finance sector

BASIX has settled claims to more than 500 rural households, claims amounting to 35lakhs (USD$77,536.83).