March 27, 2018
Close to 300 dairy farmers will be protected by insurance for the first time in Fiji after the launch of a bundled micro-insurance scheme today.
The Fiji Co‑operative Dairy Company Limited, FijiCare Limited and UN Capital Development Fund’s Pacific Financial Inclusion Programme had formed a partnership to provide insurance for the farmers and to sign them up for the micro-insurance scheme.
FijiCare Managing Director Peter McPherson says they know that farming is essential to the country, its economy and that dairy farmers face a number of risks in their day to day activities.
He adds these risks can affect them personally, their property and their cattle adding that the micro-insurance is a good step forward.
The micro-insurance includes term life, funeral expenses, fire insurance on the house and household property of the farmers and personal accident coverage.
This insurance results from the findings of a field research undertaken in October last year on a sample group of dairy farmers.
Last year microinsurance was provided for 12,500 sugarcane farmers and they will soon be providing insurance to copra and rice farmers.
SOurce: Fiji Village