Fiji: Dairy Farmers Covered by Microinsurance Scheme for the First Time
Close to 300 dairy farmers will be protected by insurance for the first time in Fiji after the launch of a bundled microinsurance scheme last week.
The Fiji Co-operative Dairy Company Limited (FCDCL), FijiCare Limited and UNCDF’s Pacific Financial Inclusion Programme had formed a partnership to provide insurance for the farmers, and signing up for this microinsurance scheme is one result of that collaboration
"Bundled" insurance offers consumers added convenience and potential cost savings by combining multiple insurance coverage in one package, one insurance policy. It includes a term life, funeral expenses, fire insurance on the house and household property of farmers and personal accident coverage at a standard, low and affordable price.