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NAIROBI, KENYA: APA Insurance, alongside six insurance companies, (Amaco, CIC, Heritage, Jubilee, Kenya Orient & UAP) has launched a new multi-peril micro-insurance product that covers smallholder maize farmers against poor yields as a result of adverse climatic conditions, disease, damages by insects etc.
The Area Yield Index Insurance will be provided in partnership with the Government of Kenya, which is offering a 50 per cent subsidy on insurance premium for up to five acres per farmer. The subsidy becomes effective upon farmers’ payment of their share of the premium.
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