National Agricultural Insurance Scheme (NAIS)

Coverage of Crops:
1) Food crops (Cereals, Millets and Pulses)
2) Oilseeds
3) Annual Commercial / Annual Horticultural crops
Risk Covered:
a) Natural Fire and Lightning
b) Storms, Hailstorm, Cyclone, Typhoon, Tempest, Hurricane, Tornado etc.
c) Flood, Inundation and Landslide
d) Drought, Dry spells
e) Pests/ Diseases etc.
Post Harvesting: Up to a maximum period of two weeks from harvesting
General Exclusions: Losses arising out of war and nuclear risks, malicious damage and other preventable risks
SUM INSURED COVERAGE: Yield level up to 150% of average yield

Premium Rates :

S.No Season Crops Maximum Insurance Charges payable by farmer (%of sum insured)
1 Kharif All food grains and oilseed crops(all Cerals, Millets, Pulses, and Oilseeds crops) 2.5% - 3.5% of Sum Insured or Actuarial rate, whichever is less
2 Rabi All food grains and oilseed crops(all Cerals, Millets, Pulses, and Oilseeds crops) 1.5% - 2.0% of Sum Insured or Actuarial rate, whichever is less
2 Kharif and Rabi Annual Commercial / Annual Horticultural crops Actuarial rates

Following Insurance Companies are offering crop insurance in India

S.No Name of The Company Web Address
1 Agriculture Insurance Company of India Ltd http://www.aicofindia.com/AICEng/Pages/Default.aspx
2 Bajaj Allianz General Insurance Co. Ltd http://www.bajajallianz.com/Corp/commercial-insurance/commercial-insurance.jsp
3 Cholamandalam MS General Insurance Co. Limited http://www.cholainsurance.com/rural-insurance.aspx
4 Future Generali India Insurance Company Limited http://www.futuregenerali.in/GeneralInsurance/RuralProducts/RuralProducts.aspx
5 HDFC ERGO General Insurance Co. Ltd. https://www.hdfcergo.com/rural-insurance/weather-insurance.html
6 ICICI Lombard General Insurance Co. Ltd https://www.icicilombard.com/rural-insurance/index.html
7 IFFCO-Tokio General Insurance Co. Ltd http://www.iffcotokio.co.in/micro-rural-insurance
8 SBI General Insurance Co. Limited -
9 Reliance General Insurance Co. Ltd. https://www.reliancegeneral.co.in/Insurance/Claims/Crop-Insurance.aspx
10 Tata AIG General Insurance Co. Ltd. http://www.tataaiginsurance.in/rural-insurance/AboutRural/
11 Universal Sompo General Insurance Company Limited http://www.universalsompo.com/products/commercial/11-products/commercial/32-farmer-s-package-policy
Note: For More Information Please visit your Agriculture Officer/Bank/Insurance representative at your location.