We wish to briefly provide an update on the work undertaken by the Bank in this space, in 2018:    Bundled Insurance Product: Following the successful launch of the Fiji Care micro insurance bundled product in 2017 to 11,606 cane farmers, the cover was extended in early 2018 to dairy farmers (258), copra farmers (89) and rice farmers (63) with premiums as low as $ per annum or $ a week.
The product was further extended to civil servants (37,000) and social welfare recipients (71655) which brings the total number of bundled insurance holders to 120,671. At the end of 2019, the number further increased to just over 135,000. During the year, a total of 837 insurance claims valued at $ million was paid out.