Only 12.6% Of Fijians Have Life Insurance Policies
“Due to widespread misconception and a lack of general consumer understanding about life insurance products, many Fijians who should have life insurance are living without it,” he said.
Wednesday 22 March 2023 | 15:10
Fiji Institute of Chartered Accountants executive member, Lorraine Seeto, with Life Insurance Corporation of India general manager Pradeep Singh, at the Fiji Institute Chartered of Accountants technical workshop, at Warwick Fiji, on March 18. Photo: Nacanieli Tuilevuka
Only 12.6 per cent of Fijians have life insurance policies, it has been revealed.
Life Insurance Corporation of India general manager Pradeep Shenoy said there were 97,500 life insurance policies in Fiji in the last two years.
And only 25, 000 Fijians had life insurance policies, Mr Shenoy said.
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His remarks were made at the Fiji Institute of Chartered Accountants annual technical workshop, which was held at the weekend at Warwick Fiji.
“Due to widespread misconception and a lack of general consumer understanding about life insurance products, many Fijians who should have life insurance are living without it,” he said.
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