Crops Insurance
Crop insurance is purchased by agricultural producers, including farmers, ranchers, and others to protect themselves against either the loss of their crops due to natural disasters or the loss of revenue due to declines in the prices of agricultural commodities.
RISK COVERED
- All field except Orchards for which the banks are advancing crop loans to its borrowings.
- Floods.
- Excessive Rain.
- Wind Storm.
- Hail.
- Frost.
- Drought.
- Locus Attack.
- Earthquake.
- Disease.
- Insect Attack.
RISK COVERED-KEY POINTS INFORMATION REQUIRED
- Details of farm.
- Details of plantation.
- Source of irrigation.
- Security arrangements.
- Surrounding areas.
- Drought/ insect, pest attack during the last 5 years.
- Expected yield.