Health
Microinsurance for farmers launched
字号+ Author:Smart News Source:Business 2025-01-11 03:49:46 I want to comment(0)
KARACHI: The State Life Insurance Corporation of Pakistan (SLIC) and Fauji Fertiliser Company (FFC) on Wednesday launched an insurance partnership to strengthen the agriculture sector. The organisations introduced a ground-breaking microinsurance programme to provide essential financial protection to farmers while nurturing sustainable agriculture growth. At the event, Commerce Minister Jam Kamal Khan said this collaboration between SLIC and FFC represents a bold step toward securing the country’s agricultural future. “It is not just about financial coverage; it’s about uplifting our farming communities and building resilience,” the minister remarked. This initiative is set to create a ripple effect across the agricultural sector. This innovative partnership leverages FFC’s direct-to-farmer distribution network “Sona Centres” and SLIC’s expertise in insurance solutions to deliver accessible and impactful financial coverage for farmers and their families. By integrating micro insurance with fertiliser purchases, the initiative simplifies the process, ensuring farmers can benefit from financial security without the burden of additional formalities, according to a press release. “Through this collaboration, Sona Centre farmers will automatically be enrolled in a one-year accidental death and disability insurance protection with coverage of up to Rs1 million at no additional cost,” stated SLIC chief executive Shoaib Javed Hussain. This initiative ensures immediate financial security for farmers and their families, making agri insurance more accessible at the grassroots level and bringing us closer to strengthening agricultural resilience and empowering communities, he said. FFC Managing Director and CEO Jahangir Piracha said, “This initiative is a testament to our dedication to improving their quality of life and ensuring financial stability in times of unforeseen challenges. By integrating insurance with our Sona Centres, we aim to deliver accessible and impactful solutions to the people who matter most — our farmers.“
1.This site adheres to industry standards, and any reposted articles will clearly indicate the author and source;
Related Articles
-
وزیراعظم شہباز شریف نے اقتصادی ترقی کے لیے برآمدات پر مبنی ترقی اور سیاسی استحکام پر زور دیا۔
2025-01-11 03:34
-
Did Trump, scandals, and COVID clip Trudeau’s high-flying political wings?
2025-01-11 02:37
-
Snow storm wreaks havoc across eastern US, 5 dead, travel disrupted
2025-01-11 01:57
-
In letter to Trump, US congressman raises alarm on foreign aid to Afghan Taliban
2025-01-11 01:25
User Reviews
Recommended Reads
Hot Information
- Pacers help Pakistan take control as South Africa lose three wickets in 148-run chase
- Tibet's Shigatse rocked by 6.8 magnitude earthquake: China quake centre
- Trump seeks to delay hush money sentencing until after his presidential inauguration
- Meta appoints UFC chief and Trump ally Dana White to board
- کراچی میں نئے سال کے موقع پر فضائی فائرنگ سے 29 افراد زخمی ہوگئے
- Quake in China's Tibet kills 95 with tremors felt in Nepal, India
- S Korean investigators seek new warrant to arrest Yoon
- US Congress certifies Trump win, four years after Capitol riot
- یونانی کشتی حادثے میں مزید چار پاکستانیوں کی لاشیں ملیں۔
Abont US
Follow our WhatasApp account to stay updated with the latest exciting content