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Agricultural Insurance

This topic covers the Information related to Agricultural Insurance schemes and assistance

What to Do?

  • Safeguard yourself financially against non-preventable natural risks like natural disasters/calamities, insect, pests & diseases and adverse weather conditions.
  • Take benefit of appropriate crop insurance scheme applicable in your area such as Pradhan Mantri Fasal Bima Yojana, Weather based Crop Insurance Scheme, Coconut Palm insurance scheme and Pilot Unified Package insurance scheme being implemented in the country.
  • Getting yourself covered under the Crop Insurance programme is compulsory, if you avail crop loan for notified crops. Coverage is voluntary for non-loanee farmers.
  • Contact District Agricultural Officer/ nearest branch of bank / PACS / crop insurance company for availing the benefits under the Crop Insurance Schemes

What Can You Get?

S.No. Scheme Assistance
1 Pradhan Mantri Fasal Bima Yojana
  • Provides insurance coverage and financial support to the farmers in the event of failure of any of the notified crop as a result of natural calamities, pests & diseases.
  • A uniform premium to be paid by all farmers
    • 2% to be paid by farmers for all Kharif crops
    • 1.5% for all Rabi crops.
    • 5 % for annual commercial and horticultural crops, the premium to be paid by farmers will be only 5%.
  • The premium rates to be paid by farmers are very low and balance premium will be shared by the central and state governments equally.
  • Claims of Sum Insured to be provided in full to the farmers against crop loss on account of natural calamities.
  • In cases where majority of the insured farmers of a notified area, having intent to sow/plant and incurred expenditure for the purpose, are prevented from sowing/planting the insured crop due to adverse weather conditions, shall be eligible for indemnity claims upto a maximum of 25 per cent of the sum-insured.
  • When crop yield is less than the guaranteed yield of notified crops, the claim payment equal to shortfall in yield is payable to all insured farmers.
  • On account advance payment, upto 25% of likely claims will be paid as immediate relief.
  • Losses caused due to inundation, hail storm and landslide would be assessed at individual farm level.
  • In post-harvest losses, coverage will be available up to a maximum period of 14 days from harvesting for those crops which are kept in “cut & spread” condition to dry in the field.
  • Use of remote sensing and drones to supplement Crop cutting experiments for faster settlement of claims
2 Weather Based Crop Insurance
Scheme (WBCIS)
  • Insurance protection for notified food crops, oilseeds and horticultural /commercial crops
  • Uniform premiums like PMFBY
    • 2% to be paid by farmers for all Kharif crops
    • 1.5% for all Rabi crops.
    • 5 % for annual commercial and horticultural crops, the premium to be paid by farmers will be only 5%.
  • The premium rates to be paid by farmers are very low and balance premium will be shared by the central and state governments equally.
  • When the Weather indices (rainfall/temperature/relative humidity/wind speed etc) differ (less/ higher) from the Guaranteed Weather Index of notified crops, the claim payment equal to deviation/shortfall is payable to all insured farmers of notified area.
  • Provision for losses due to hail storm and cloud burst at individual farm level.
3 Coconut Palm Insurance Scheme (CPIS)
  • Insurance protection for Coconut Palm growers.
  • Premium rate per palm ranges from Rs.9.00 (in the age group of 4 to 15 years) to Rs 14.00 (in the age group of 16 to 60 years).
  • 50-75% subsidy of premium is provided to all types of farmers.
  • When the Palm trees are damaged, the indemnity payment equal to sum insured/ damage is payable to the insured farmers in notified areas.
3 Unified Package Insurance Scheme (UPIS) as pilot in 45 districts
  • To provide financial protection and comprehensive risk coverage of crops, assets, life and student safety to farmers.
  • Pilot will include 7 sections - Crop Insurance (PMFBY / WBCIS), Loss of life (Pradhan Mantri Jeevan Jyoti Bima Yojna (PMJJBY)), Accident Insurance (Pradhan Mantri Suraksha Bima Yojana - PMSBY) , Student safety, Household, Agriculture implements and Tractor.
  • Crop insurance is compulsory. However farmers may choose atleast 2 sections from remaining.
  • Farmers to get all insurance products through one simple proposal /form and through single window.

Whom to Contact ?

Nearest branch of Bank/Empanelled General Insurance Companies, Credit & Cooperative Society and District Agriculture Officer/ Block Development Officer may be contacted or visit Crop Insurance portal

Source: Department of Agriculture , Cooperation and Farmers' Welfare

2.96753246753
anand kumar Sep 14, 2017 07:11 AM

i want clear cut intrest rate and subsbides rates on various crops seperately pls provide me

chetan mohite Apr 04, 2017 09:50 AM

i have not get my claim for pady crop

Amulya Dash Mar 31, 2017 01:08 PM

Pl. update the page. Pradhan Mantri Krishi Bima Yojana ( PMFBY ) is the flagship insurance programme launched by MoAFW.

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