BENEFITS FOR STAKEHOLDERS
Insurers and Pension Funds
Can launch a commercially viable voluntary micro-pension and micro-insurance solution for lower and middle-income self-employed individuals.
Do not face a large number of small-value retail transactions. Deal only with wholesale assets and aggregated premiums.
Aggregators
Banks, gig-economy aggregators, MNOs, MFIs and FinTechs can deliver a secure pension and insurance solution to their existing clients, members or partners. Without investing time or resources in building new pensionTech capacity or knowledge.
Enjoy long-term client or partner connect and loyalty, new fee income and a double bottom-line impact.
Pension Administrators
Public and private pension and PF administrators and master trusts running mandatory or voluntary occupational schemes for salaried workers can migrate to a more agile, modern and user-friendly pensionTech platform.
Lowers administration costs. Improves governance, compliance, efficacy, service quality and retirement outcomes.
Governments and Regulators
Can simply "switch-on" a national-level, digital micro-pension and micro-insurance marketplace by leveraging the existing digital financial inclusion ecosystem.
Are able to launch a new micro-pension and insurance scheme based on portable, individual DC accounts for non-salaried workers. Within a few weeks. And at a near-zero capital cost.
Ecosystem Partners
Financial inclusion ecosystem players, such as digital payment service providers and distributors, do not need new capacity to provide micro-pension services.
They operate on a variable cost basis. And became instantly profitable even with modest charges.
Citizens
Enjoy convenient, secure and affordable access to a simple, well-regulated and portable pension and insurance solution with zero KYC challenges or risks.
Use mobiles or a trusted channel outlet to easily open and operate NID-linked pension and insurance accounts and access information and services. Regardless of where they live or work over time.
