Nasria to unveil agri insurance scheme

Namibia Special Risks Insurance Limited (Nasria) will this month unveil its much-anticipated new product, the Namibia Agriculture Insurance Scheme (NAIS), that will insure crop and livestock farmers against natural calamities in a sustainable manner.This scheme, which will launch with a pilot project imminently, will further incentivise farmers to embrace commercial agriculture.Nasria&#039;s managing director, Ndjoura Tjozongoro, said the scheme will go a long way in preserving the wealth of Namibian farmers, while at the same time helping them to protect their wealth."NAIS is being introduced at an opportune time to help protect the wealth of Namibian farmers. NAIS will insure crop and livestock farmers against natural calamities in a sustainable manner and to incentivise farmers to embrace commercial agriculture."It will be piloted in five regions starting in October.Protection for everyone"What is crucial about this scheme is that, among other things, farmers are able to restock animals lost following a severe drought or epidemic; it protects the farmer from loss of animals and income due to death or disability of an animal; and that the insurance protection will greatly facilitate credit support in this sector from financial lending institutions as it is the best form of collateral security," he said.The scheme intends to cover all farmers, both commercial and communal, in the pilot regions who have insurable interests (owning indigenous breeds and/or exotic cattle) and are eligible."As we encourage farmers to look out for this new scheme that will take the agricultural industry by storm, you may also want to know that the policy is issued annually, the insured value is as per the veterinary’s certificate (based on breed, age and market value), the cover is comprehensive, affordable and convenient, and the premium is payable upfront on an annual basis to avoid any discontinuity of the scheme or risk coverage," Tjozongoro explained.

Nasria to unveil agri insurance scheme

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Namibian Sun 2025-06-18

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Nasria to unveil agri insurance scheme

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Namibian Sun 2025-06-18

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