Q1: What is the Insure to Impact Initiative all about?
A1: : The Insure to Impact initiative is a transformative collaboration between Rotary Clubs in India and RFL, an IRDAI Licensed Insurance broking company recognized as SIDBI top 20, National Startup India challenge Finalist, with many more accolades. It enables Rotary Clubs to generate funds for impactful projects whenever a Rotarian or their reference purchases an insurance policy through the Insure to Impact portal.
Q2: How does the initiative work in generating funds for Rotary Clubs?
A2: For every lead closed through the Rotary platform, our marketing partner, WhatNext, contributes a portion of its marketing revenue towards the Rotary Club from which the lead had been generated. This initiative has the potential to inject over Rs. 1,000 crores annually into Rotary Clubs across India, provided active participation from all clubs.
Q3: : Why choose RFL as the insurance partner?
A3: : RFL, holding an IRDAI license (Direct License no 567 for life and non-life), is a licensed Insurance Broker recognized at various levels collaborating with all insurance companies in India to offer wide range of products to the end customers. Their commitment to customer satisfaction is evident through "HAPPY BEES," an innovative tech for simplified claims. Recognized as top 10 companies in India by SIDBI, a National Startup Challenge finalist, and an Asian Leadership Award recipient, RFL signifies excellence and innovation in insurance. RFL being a broker works for the best interest of the customers and not the Insurance companies to provide best Insurance product at the most competitive rates to it customers.
Q4: How can individual Rotarians participate in the Insurance to Impact initiative?
A4: Rotarians can actively participate by purchasing and referring others to purchase insurance policies through the Rotary platform. Every closed lead contributes to the funds generated for his Rotary Club
Q5: : Is there a designated contact person for our Rotary Club to facilitate communication with RFL?
A5: Yes, each Rotary Club is encouraged to appoint a designated individual, preferably a Board of Directors member, to facilitate seamless communication between the club and RFL. This person plays a crucial role in maximizing the benefits for the club.
Q6: How does RFL ensure a smooth insurance-buying experience for Rotarians?
A6: RFL ensures a seamless buying journey, dedicated rotary support, and efficient claim assistance through its highly professional and trained team of Insurance experts. Their commitment to simplifying the insurance claims process is evident through their proprietary TECH, "HAPPY BEES."
Q7: What is the potential financial impact of this initiative on Rotary Clubs?
A7: The initiative has the potential to inject over Rs. 1,000 crores annually into Rotary Clubs across India, provided that all clubs actively participate. The funds generated can be directed towards impactful service projects and community initiatives.
Q8: How was the initiative recognized globally?
A8: The initiative was announced at the Rotary Institute 2023 in the presence of the Rotary International President and other global Rotary leaders, highlighting its global significance and potential impact.
Q9: Where can we find more information about the Insure to Impact initiative?
A9: For more detailed information, visit supportclubs.rotaryindia.org.
Q10: When and how will the club get funds?
A10: Funds generated through the Insure to Impact initiative will be disbursed to the club periodically. The frequency and mode of fund transfer will be communicated directly to the designated club representative in coordination with RFL. Normal cycle is within 60 days of closure of a deal.
Q11: How will the club know when a member or their reference closes an insurance deal?
A11: RFL will provide regular updates to the club regarding closed leads and associated funds. Detailed reports and notifications will ensure transparent communication on the progress of the initiative.
Q12: Club President changes every year. How will the record be updated?
A12: The designated individual responsible for communication between the club and RFL can update leadership changes promptly. It is essential to maintain accurate records to ensure seamless continuity in the initiative.
Q13: How will you be collecting the club's bank account?
A13: The designated individual from each club will provide the necessary bank account details directly to RFL. This information will be securely managed to facilitate the seamless transfer of funds to the respective Rotary Clubs.
Q14: What are the benefits to buy from Insure to Impact Initiative?
A14: Dedicated Rotary Concierge, Customized Insurance Products, Competitive Rates, and Value for Money, option to choose from 20+ Insurers, Expert Advisory, Recognition In rotary for the contribution of funds through their purchase, Claims Assistance and many other privileged services
Q15: Why has rotary chosen Insurance broker as a partner and not Insurance company?
A15: As per IRDAI Insurance Brokers are the only entities that work for the customers and not the insurance companies.
Q16: Benefits of Insurance broker?
A16: Option to choose from various insurance companies and its wide range of product offering, unbiased advisory, best insurance at competitive rates, with various other benefits.
Q17: Can an outsider purchase Insurance through Insure to Impact Initiative?
A17: Yes anyone referred by Rotarian can buy Insurance through the initiative.
Q18: Will the Rotarian get credit for the reference given by him?
A18: Yes the Rotarian will be given credit for every closing done through its reference and his club shall receive the benefit of the purchase done.
Q19: Will the reference receive the same quality of service as Rotarian?
A19: Yes. The referred person will receive all the privilege services and same quality of service as Rotarian.
Q20: Queries on the accounting process and GST on the amount remitted to the club. How will the amount be remitted to the club and how will it reflect in accounting?
A20:
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