The sugar cane, first introduced in Mauritius in 1639, became the very lifeblood of our economy from the early 19th century to the later part of the 20th century. Subsequently, and in a large part due to the efforts of the sugar industry itself, the Mauritian economy was extensively diversified through other forms of manufacturing; an Export Processing Zone based largely on clothing and garment making, tourism, as well as off-shore banking and related activities. But even if Mauritius is no longer a text-book example of a monocrop economy, the sugar cane still dominates local agriculture in terms of foreign currency earnings, employment and GNP contribution.
Its objectives is to insure the sugar production of planters, metayers and millers, against losses due to the effects of inclement weather such as, cyclones, drought and excessive rainfall under its General Insurance policy. Fire occurrence in sugar cane field is another risk covered by the Fund under its Fire Insurance policy.