In a move to strengthen the agriculture sector, the State Life Insurance Corporation of Pakistan (SLIC) and Fauji Fertilizer Company (FFC) have unveiled a new microinsurance program for farmers.
The initiative, launched on Wednesday, is a collaborative effort designed to provide essential financial protection to farmers and promote sustainable agricultural growth.
Commerce Minister Jam Kamal Khan emphasized at the event that this partnership between SLIC and FFC represents a bold step towards securing the country’s agricultural future. “It is not just about financial coverage; it’s about uplifting our farming communities and building resilience,” he said.
Farmers and their families are set to benefit from a new partnership that combines Fauji Fertilizer Company’s (FFC) “Sona Centres” distribution network with the State Life Insurance Corporation of Pakistan’s (SLIC) insurance expertise. This collaboration will provide accessible and impactful financial coverage, simplifying the process by integrating microinsurance with fertilizer purchases.
This approach eliminates additional formalities, ensuring farmers can easily access financial security. The initiative, it was stated, will provide immediate financial security for farmers and their families, making agricultural insurance more accessible at the grassroots level, and bringing us closer to strengthening agricultural resilience and empowering communities.
SLIC chief executive Shoaib Javed Hussain said:
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