The insurance will offer retailers protection against pilferage, theft, fire, or any other untoward event that results in loss or damage of goods
New Delhi (INDIA), April 05, 2022: Further expanding its product portfolio, Unnati, a FinTech-driven agriculture ecosystem, has introduced Retailer Insurance for its network of uStores. The development comes on the back of Unnati’s endeavour to support retailers’ businesses in every possible way.
The Retailer Insurance program is designed to safeguard retailers against business uncertainties – a much-needed element in today’s volatile business scenario. The insurance will offer them protection against theft, pilferage of goods, fire, or any other untoward event. For instance, in case of a burglary or a fire, retailers will be able to claim the insurance and be compensated for the damage to the goods and loss they have incurred. The value of the insurance will depend on the retailer’s business size, loss borne, etc.
Commenting on the launch of the insurance, Amit Sinha, Co-Founder of Unnati, said, “Our retailer partners are a crucial part of the agriculture ecosystem, and helping them secure their goods is one of our priorities. Our newly launched Retailer Insurance will help retailers protect themselves in the event of an unprecedented event that will adversely impact their business. We believe that the insurance is a key step in assisting our retailer partners and enabling them to scale their business, further strengthening the Agri ecosystem. We will be launching more such products soon.”
With over 38k+ uStores in its network, Unnati’s digital-first efficient approach has been a game-changer for farmers and retailers. The platform will be extending its Retailer Insurance to its complete network of 35,000 retailers and further expanding it to 1 lakh retailers in the coming months.
Over the last 3 years, Unnati has been relentless in helping to digitize uStores and bring in the best business practices to small-time agri-retailers and traders. With lakhs of such small business owners in the Agri segment who require support both in terms of agricultural knowledge and new-age practices for greater business scope, Unnati aims to provide them with the guidance and handholding they need to bolster and scale their business.