Cooperative Insurance Society

A Cooperative Insurance Society is a member-owned organization that provides insurance coverage to its members. Unlike traditional insurers, it functions democratically, with members having a say in decisions and sharing in the profits or benefits. The goal is to offer affordable and fair insurance options, focusing on serving members' needs rather than maximizing profits. By pooling resources, members protect each other against risks such as health issues, accidents, or property damage. Essentially, it combines the principles of cooperation and insurance, fostering a community-driven approach to risk management and financial security.