Micro-Insurance

 The Livelihood Protection Policy

Livelihood Protection Policy

Livelihood Protection Policy

The Livelihood Protection Policy (LPP), is a micro insurance that is not sector specific and provides a fallback for persons whose incomes are affected by adverse weather events including strong winds, and/or rainfall during hurricanes and tropical storms. Beneficiaries of the Livelihood Protection Policy include farmers who depend on the weather for a good harvest.

The LPP targets all individuals irrespective of income level, and provides timely cash payouts following a weather event, and give policy holders the opportunity to rebuild their lives in the wake of a natural disaster. The LPP is offered through Jamaica International Insurance Company (JIIC) in association with the People’s Cooperative Bank and local credit unions.