India is an agrarian society with
75% of the population depending on it, for their livelihood. Agriculture
or crop insurance has assumed importance with large scale damage caused
due to pest attacks, crop diseases and vagaries of weather. The
objective is to provide 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. The list of crops being
covered for insurance differs from state to state. Generally quite a few
Kharif and Rabi season crops are covered. These crops are insured at the
community/block/gram panchayat levels. Agriculture insurance schemes are
of immense help to farmers, providing them with financial security.
Calculation of Agriculture Insurance Amount/Premium:
The
amount of premium depends on a number of factors like size of land of
the farmer, his financial standing, number of crops being insured and
the sum insured.
Agriculture Insurance Claim Procedure:
Farmers can claim from
the banks by submitting a claim form. The claim representative will
analyse the extent of damage caused to the crops. Based on the report of
the surveyor, the claim is given to farmers within a month.
Documents Required for Agriculture Insurance Claim:
- The farmer must approach the designated branch / PACS and submit
the proposal form in the prescribed format.
- The farmer must provide documentary evidence in regard to the
possession of cultivable land (copy of the pass book and extract.
- Land revenue receipt should be enclosed
The farmer must furnish area sown confirmation certificate, if
required.
List of Some of Insurance Companies Offering Agriculture Insurance:
