Restructured - Weather Based Crop Insurance Scheme

Coverage of Farmers:
All farmers including sharecroppers and tenant farmers growing the notified crops in the notified areas are eligible for coverage.
Farmers - loans from various Financial Institutions (i.e. existing loan farmers), for the notified crop(s) would be covered mandatory under this scheme.
Coverage of Crops:
1) Food crops (Cereals, Millets and Pulses),
2) Oilseeds
3) Annual Commercial / Annual Horticultural crops

Weather Perils to be Covered:

a) Rainfall – Deficit Rainfall, Excess rainfall, Unseasonal Rainfall, Rainy days, Dry-spell, Dry days
b) Temperature– High temperature (heat), Low temperature
c) Relative Humidity d) Wind Speed
d) A combination of the above
e) Hailstorm, cloud-burst may also be covered as Add-on/Index-Plus products for those farmers who have already taken normal coverage under WBCIS.

Period of Risk (i.e. Insurance Period):

Insurance coverage, would be, from sowing of period to maturity of the crop

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) 2.0% of Sum Insured
2 Rabi All food grains and oilseed crops(all Cerals, Millets, Pulses, and Oilseeds crops) 1.5% of Sum Insured
2 Kharif and Rabi Annual Commercial / Annual Horticultural crops 5.0% of Sum Insured

Following Insurance Companies are offering crop insurance in India

S.No Name of The Company Web Address
1 Agriculture Insurance Company of India Ltd
2 Bajaj Allianz General Insurance Co. Ltd
3 Cholamandalam MS General Insurance Co. Limited
4 Future Generali India Insurance Company Limited
5 HDFC ERGO General Insurance Co. Ltd.
6 ICICI Lombard General Insurance Co. Ltd
7 IFFCO-Tokio General Insurance Co. Ltd
8 SBI General Insurance Co. Limited -
9 Reliance General Insurance Co. Ltd.
10 Tata AIG General Insurance Co. Ltd.
11 Universal Sompo General Insurance Company Limited
Note: For More Information Please visit your Agriculture Officer/Bank/Insurance representative at your location.