About

Invest India Micro Pension Services (IIMPS) is the only social enterprise in the world focused exclusively on encouraging and enabling low income informal sector workers to accumulate micro-savings for their old age. IIMPS was promoted in late 2006 with initial seed capital from SEWA Bank, UTI AMC, Jayashreeben Vyas, Renana Jhabvala, Gautam Bhardwaj, Vijay Mahajan, Vijayalakshmi Das and Ashish Aggarwal.

IIMPS has developed a proprietary Micro Pension® model as well as a scalable and streamlined, technology-led platform capable of delivering a range of non-credit financial services to the working poor at an affordable transaction cost. Through independent contract agreements, IIMPS delivers pension products with UTI, India’s largest AMC, and with LIC, India’s largest life insurer. IIMPS delivers these products in collaboration with national and regional banks, microfinance institutions, employers, self-help groups, NGOs, cooperatives, worker associations and unions. Individual clients transmit periodic micro-savings to IIMPS product partners using secure, cashless micro-payment instruments including their bank accounts, prepaid cards or mobile wallets.

Over the years, IIMPS has developed also a range of effective training and retirement literacy tools to motivate appropriate micro-savings behavior among low income informal sector workers. IIMPS works closely with a range of strategic and business partners including NABARD, KfW, VISA, State Bank of India, ACCION, Janalakshmi Financial Services, MicroSave, LIC and UTI. IIMPS has also worked with some governments in design and turn-key implementation of co-contributory pension schemes targeting the working poor.

Through its Micro Pension® model and a pan-India outreach partnership network, IIMPS is building a social security marketplace to enable millions of low income workers with modest savings to access customised pension and insurance products in a secure, affordable, convenient and well regulated environment.

Changing Lives
field updates

Low income individuals in remote tribal locations at Tamil Nadu are now being enrolled for "micro-pension" in partnership with Centre for Tribal Research and Development (CTRD).

IIMPS and eKutir will jointly assist low income farmers in Odisha to accumulate micro-savings through the Micro-Pension model.