In a bid to secure the livelihood of Kenyan farmers amidst the unpredictability of agricultural risks, Equity Bancassurance Intermediary Limited is extending a comprehensive suite of insurance products.

These offerings, which range from crop and livestock coverage to farm equipment insurance, aim to safeguard farmers’ investments, providing them with financial resilience against the myriad challenges that threaten their livelihoods.

Agriculture in Kenya, which remains the backbone of the country’s economy, faces significant threats from natural calamities such as drought, floods, crop and animal diseases, as well as property damage and theft.

The vulnerability of this sector not only endangers individual farmers but also has broader implications for the nation’s food security.

It is within this uncertain environment that agricultural insurance emerges as a vital safety net, offering farmers both peace of mind and financial stability.

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Understanding these challenges, Equity Bank’s insurance offerings are designed to protect farmers from losses due to these unpredictable events.

The array of products caters to specific needs, including crops, livestock, and farm equipment. Key solutions include:

Crop Insurance: Farmers can access Index-Based Weather Insurance (IBWI) for excessive rainfall and drought, as well as Multi-Peril Crop Insurance that covers risks such as hail, fire, and disease. This ensures that when extreme weather events strike, farmers are compensated for their losses.

Bima Ya Mifugo: This product covers livestock loss due to diseases or accidents for dairy cattle, poultry, pigs, goats, and other livestock, with compensation based on veterinary valuations. It helps farmers protect the value of their livestock investments.

Greenhouse Insurance: For those adopting modern farming techniques like greenhouses, Equity Bank offers insurance protection against property damage caused by fire, floods, lightning, earthquakes, theft, and even riots.

Dogs and Pets Insurance: While not exclusively for farmers, this policy covers veterinary expenses and compensates for the loss of pets due to accidents or illnesses. It can be particularly valuable for farmers who rely on working animals like guard dogs.

Despite the availability of these insurance products, the uptake of agricultural insurance in Kenya remains low, primarily due to a lack of awareness.

Equity Bank is working to change this by offering farmers easy access to these solutions through the Equity Mobile App, Equity Online, or in person at their nearest branch.

By mitigating the risks that come with farming, Equity Bank’s insurance products ensure that Kenyan farmers can continue their vital work, helping to secure not only their livelihoods but also the country’s agricultural stability.