Crop Insurance Cover and Insurance Premium Financing
By partnering up with third party insurance providers, we provide crop insurance cover as an opt-in product for our crop advance borrowers. This product provides cover against a wide range of climate risks including drought, excessive rainfall, pests and diseases and several other perils that negatively affect their yields. We oprovide financing to cover the cost of the insurance premium levied on the product. Launched in 2021, this product is at early-stage growth and is projected to Oaccount for 10% of our revenue by FY 2023.