UN

Good progress being made for the availability of climate risk micro insurance for social welfare recipients

Good progress being made for the availability of climate risk micro insurance for social welfare recipients

By Semi Turaga
Friday 22/04/2022
Lead Technical Specialist – Insurance and Climate Adaptation at the UN Capital Development Fund, Krishnan Narasimhan

Ten people that get social welfare from the Government and live in high climate risk places received micro insurance certificates today which will allow them to get cash relief days after being affected by a natural disaster.

The cash payout will be $400 and the premium is covered by donors.

This project is run by the UN World Food Programme and the UN Capital Development Fund and funding is provided by the Australian and New Zealand Governments.

Social welfare recipients will receive payouts within three to five days after a natural disaster with no verification of loss required for the money to be processed either through their bank account, M-PAISA or MyCash.

Lead Technical Specialist – Insurance and Climate Adaptation at the UN Capital Development Fund, Krishnan Narasimhan says the ambition of the Ministry of Women, Children and Poverty Alleviation is to extend social welfare protection through climate risk insurance to all their beneficiaries but there is an economic cost.

He says right now they have 274 welfare beneficiaries from the Western and Central Divisions covered under the climate risk insurance pilot scheme.

Narasimhan adds they want to scale it up to about 3,000 welfare beneficiaries this year but it is a learning curve because with this group of beneficiaries there is a lot of awareness that needs to be done. He says in the case of social welfare beneficiaries the premium of micro climate risk insurance has to be paid by a donor or the Government because the social welfare recipients cannot afford to pay the premium.

Narasimhan adds they are working with two local insurers, FijiCare and Sun Insurance.

The ten insurance certificate recipients also received mobile phones from Vodafone and Digicel.


FEATURE NEWS
Woman found dead at Suva hotel
A woman’s body has been found in a hotel in Suva this morning. Police have confirmed this to fijivillage News. They say their crime scene inve...
2 hours ago
LATEST NEWS
Trough of low pressure to affect the group till tomorrow
People can expect rain to affect the Fiji group till later tomorrow as a trough of pressure lies over the group, which is associated with clouds and ...
3 hours ago

InterContinental Fiji Golf Resort and Spa awarded, Fiji’s Best Golf Hotel Prize 2024
Fiji’s Best Golf Hotel Prize 2024 has been awarded to InterContinental Fiji Golf Resort and Spa, highlighting the resort's position as a top ...
3 hours ago

LTA intensifies road safety campaign during this festive season following Navuniasi accident
The Land Transport Authority will ramp up road safety education and enforcement efforts during the festive season to curb reckless driving behaviour ...
4 hours ago

Student in Ovalau allegedly found with marijuana
A student from a prominent school in Ovalau was found in possession of a branch of leaves believed to be marijuana, two weeks ago and is now under ...
4 hours ago

No reports of individuals injecting drugs in coconuts or ‘bu’ - ACP Driu
Police have clarified that there are no reports of individuals injecting drugs in coconuts or ‘bu’. Assistant Commissioner of Police ...
4 hours 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
Doctor Alipate Vakamocea on fijivillage Straight Talk with Vijay Narayan
Fiji Medical Association President, Doctor Alipate Vakamocea will appear on fijivillage Straight Talk with Vijay Narayan The show will focus on ...
10 days ago

Mangal and Akauola on fijivillage Straight Talk With Vijay Narayan
Adult Teen Challenge Fiji Executive Director, Hemraj Mangal and Director, Matai Akauola appear on fijivillage Straight Talk With Vijay Narayan The ...
10 days ago

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 ...
17 days ago

TOP