The SAFCO Microfinance Company and Asia Insurance Company have signed a service level agreement to launch a bundled livestock protection and social benefit programme in the country.
The bundled product would serve as a crucial safety net for rural households, particularly in the face of climate change and livestock-related risks, and will help to reduce vulnerability and promote economic continuity. This new initiative is expected to not only enhance client protection but also support the long-term sustainability of rural livelihoods through the design of need-based, inclusive insurance products that are simple, accessible, and meaningful for low-income communities. The new partnership will also improve financial security of the underserved population and scale up inclusive insurance solutions in Pakistan.
The program offers clients an affordable and comprehensive solution to cope with livestock loss and climate shocks, ultimately contributing to rural resilience, sustainable development, and financial inclusion.