Crop
A Farmer Producer Organisation in Telangana availed rainfall index insurance cover for their member farmers sowing paddy to protect their financial losses due to drought. Coverage is provided for the aggregate rainfall over the critical growing period of the crop.
Who Can Benefit
- Individual Farmers
- Farmer Groups (FPOs, FPCs, SHGs)
- Agri Companies
- Agritech Companies
- Banks & Microfinance Companies
- Cooperative Banks & Societies
Rainfall
Temperature
Humidity
Sample Policy
A Farmer Producer Organisation in Telangana availed rainfall index insurance cover for member farmers sowing paddy to protect financial losses due to drought. Coverage is provided for the aggregate rainfall over the critical growing period.
Coverage Terms
POLICYHOLDERFarmer Producer Organisation
LOCATIONKollapur, Nagarkurnool, Telangana
DATA SOURCEIMD Gridded Rainfall Data (Geo Reference: 16°N 78.5°E)
PAYOUT BASED ONAggregate Rainfall
COVERAGE PERIOD1st July to 31st August
PAYOUT LEVEL 1Below 250 mm pays fixed ₹5,000
PAYOUT LEVEL 2Below 200 mm pays fixed ₹25,000
PAYOUT LEVEL 3Each mm below 150 mm pays additional ₹750 per mm
MAX PAYOUT LEVEL50 mm
MAXIMUM PAYOUT₹ 1,00,000
Payout Sheet
For illustration purposes, a sample of one cover is presented below. Generally, covers using multiple indices are offered for comprehensive coverage.
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