Crop insurance indemnifies farmers, cooperatives, and agribusinesses against crop yield loss caused by natural disasters and climatic hazards.
Cover Schemes
Multi-Peril Crop Insurance (MPCI)
A seasonal policy insuring against physical loss or damage to growing crops directly caused by drought, excessive rainfall, uncontrollable pests and diseases, hail, frost, and windstorm.
Weather Index Insurance
Parametric payouts triggered when satellite rainfall data or temperature indexes deviate beyond predetermined thresholds, guaranteeing quick settlements without cumbersome claim assessments.