FijiCare launches Fiji’s first travel insurance plan and the VuvaleCare Microinsurance

FijiCare launches Fiji’s first travel insurance plan and the VuvaleCare Microinsurance

By Rashika Kumar
Thursday 08/06/2023

People will now be able to purchase travel insurance through a Fijian insurance provider and FijiCare has launched their Comprehensive Travel Insurance product along with the VuvaleCare Microinsurance.

While speaking at the launch, FijiCare Executive Director Avi Raju says FijiCare Comprehensive Travel Insurance include COVID-19 coverage, accidental death and other travel-related benefits where both the visitors to Fiji and Fijians travelling are abroad eligible for the cover.

Raju says in about 8 weeks time people will be able to purchase this product through their Viber messaging app.

He says Fiji is one of the very few countries where people will be able to transact right from inception to payment on a messaging app.

Raju says VuvaleCare is an online platform through which people will be able to purchase Bundle Microinsurance while more products will be available soon.

The Executive Director says close to 100,000 people are covered by the Bundle Microinsurance product that covers for funeral assistance, term life, fire and dwelling and personal accident insurance.

He says this will be available fully online through vuvalecare.com.

The Executive Director says the Fijian diaspora, Fijians who go and work under worker scheme or just friends of Fijians who live offshore will be able to purchase this cover for their loved ones back in Fiji and thus promoting financial inclusion and greater insurance coverage for the most vulnerable.

He further says the claims environment has been very challenging post COVID and they saw a record payout of $33.8 million in claims in 2022.

FijiCare Chairman, Dumith Fernando says in the last five years from 2017 to 2022, FijiCare has written three times more premiums which is a larger exponential growth than any other insurance provider.

He says currently pay the largest amount of claims out which means they are protecting more people at a larger sum, which is a direct benefit to their customers.

Fernando says their solvency surplus is also up four times in that period which is more than any other insurance company.

He adds their share price has also increased more than four times.

Meanwhile, Deputy Prime Minister and Minister for Tourism, Viliame Gavoka says in some cases, there will still be doubts on whether having insurance is a necessity.

He says it is because it can seem like a luxury purchase for most people who simply cannot afford to pay for something they do not directly use and that is the reality.

He says however, another reality is that risks although the same such as fires or injuries affect people disproportionately.

The Deputy Prime Minister says in Fiji, low income earners are the most vulnerable and the least protected.

He says this is where affordable and accessible insurance that caters for scale is critical.

Gavoka adds the rise in tourism travel is fueling the growth of the travel insurance market.

The Deputy Prime Minister says as the Minister responsible for Tourism, he hopes we get to see more microinsurance bundles covering not just resource based sectors but tourism too.

FEATURE NEWS
Parents pushing children to go out and sell drugs – Father Sigarara
A qualified psychologist has raised concerns on how our society, that professes to be Christian, have become so cold that even parents and adults are ...
2 hours ago
LATEST NEWS
Residents from Lami to Nausori likely to face water cuts due to water turbidity
Thousands of residents living in areas between Lami to Nausori are likely to face water cuts due to a steady increase in raw water turbidity levels ...
28 minutes ago

18 people undergoing treatment after bus collides with 4x4 vehicle in Lautoka
18 people are currently being treated at the Lautoka Hospital after a Goundar Shipping bus collided with a 4x4 vehicle this afternoon. Police have ...
58 minutes ago

Barriers to digital finance leave vulnerable Fijians struggling
Vulnerable groups across Fiji—including elderly villagers, low-income families and rural communities face significant obstacles in accessing ...
1 hour ago

Education Ministry investigates alleged grant misuse and workplace harassment at Ba school
The Ministry of Education is investigating allegations of misuse of the Free Education Grant and workplace harassment at a primary school in Ba, ...
1 hour ago

Bureau of Stats completes Employment and Unemployment Survey, report expected mid 2025
The Fiji Bureau of Statistics has completed its Employment and Unemployment Survey last month, wrapping up a data collection activity that took a ...
1 hour ago



fijivillage Straight Talk with Vijay Narayan
Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
yb
IN DEPTH
Sporting federations demand answers from FASANOC
National sporting federations who are part of Fiji Association of Sport and National Olympic Committee or FASANOC, are still calling for answers and ...
5 days ago

Continuous Radiology and Pharmacy services are now expected at Government Hospitals
Serious concerns are being raised by the public as the Ministry of Health has decided that radiology services and pharmacies at Government hospitals ...
5 days ago

Ratu Wiliame Katonivere declines Presidential nomination after an internal audit and investigation report
Prime Minister, Sitiveni Rabuka confirms that President Ratu Wiliame Katonivere decided to decline Rabuka's nomination of him to serve a second term ...
6 days ago

TOP