Micro Life by LICI Ladies and gentlemen, today, I am extremely pleased to help launch a new micro-insurance product into our economy, called Micro Life, courtesy of the Life Insurance Corporation of India. Micro Life is an endowment-type micro-insurance product providing death, disability, accident and funeral expense benefits, besides substantial savings and returns on maturity.
This is the first ever individual and comprehensive micro-insurance product for Fiji. The initiative is welcomed by the RBF as we believe in innovative financial products in the economy and such introduction is the stepping stone for financial inclusion at large.