- 2016
- uniform premium for cropping seasons
- Kharif - 2%
- Rabi - 1.5%
- horticulture, cotton - 5%
- govt bears rest of financial burden
- post harvest loss out of cyclones and unseasonal rains covered
- emphasis on mobile and satellite tech to facilitate accurate assessment and quick settlement of claims
Coverage of risks
- Prevented sowing / planting risk: deficit rainfall, adverse seasonal conditions
- Standing crop: non preventable risks - drought, dry spells, flood, inundation, pests, diseases, landslides, natural fire, lightening, storm, hailstorm, cyclone, typhoon, tornado
- Post harvest losses: upto 2 weeks against cyclones, unseasonal rains for crops require dry cut and spread conditions
- Localized calamities: localized risks of hailstorm, landslide etc
Tech in crop insurance
- drone tech
- low orbit, good resolution, assess crop damage