The Fiji Crop & Livestock Council has been appointed to promote the Parametric Micro insurance Cover, supplied below the Parametric Insurance and Climate Adaptation Programme.
A primary for farmers, Parametric Micro insurance Cover is focused on the small holder farmers, fishermen, market distributors and small companies.
It assures safety from the destruction brought on by pure disasters, significantly cyclones and extreme rainfall.
FCLC Chief Executive, Jiu Daunivalu says this Cover has come at an opportune time when Fiji’s Agriculture trade braces for the upcoming cyclone season.
Daunivalu says they’ve taken benefit of the majority textual content message by informing all its registered members on the date and time for enroll in places all through Fiji.
PICAP acquired funding from the Governments of New Zealand, Australia and Luxembourg.
The Fiji part is moreover funded by the India-UN-Development Partnership Fund administered by the United Nations Office for South-South Cooperation (UNOSSC).
Parametric Microinsurance relies on a pre-defined index threshold instantly associated to the situation of the policyholder, the small farmer for occasion.