People can expect continued stability and growth – Prof. Prasad

People can expect a continuity of current financial policies in the 2025-2026 National Budget as Deputy Prime Minister and Minister for Finance Professor Biman Prasad says they are confident that the policies put in place, as reflected in the growth last year and expected strong performance this year, augers well for all businesses, banks and financial institutions.

Professor Prasad highlighted this while speaking during New India Assurance's 75th anniversary celebration in Fiji at GPH last night.

He says they have very clearly set the economic foundations, through their economic policies in the last two budgets.

Professor Prasad says he is sure New India Assurance will further invest, extend their operation and benefit from the strong economic performance that we are experiencing in Fiji at present.

Professor Prasad has also assured that Fiji will continue to strengthen its relationship with India.

The Deputy Prime Minister says he is grateful for India's support for Fiji's development and the announcement by the Prime Minister of India for the construction of the 100-bed super specialty hospital on which the work is likely to begin very soon.

Meanwhile, New India Assurance Chief Operating Officer Madhu Elayath they are the largest general insurance company in Fiji and has the largest branch network in Fiji amongst all the general insurers.

He says it is the only company in Fiji to have crossed $60 million gross return premium and for the financial year ended December 2024, they have crossed over $64.32 million, which was almost a 9.2 percent accretion over 2023.