Livestock
A milk union in Gujarat protected its dairy farmers against loss of income due to reduction in milk yield during peak summers. They availed a heat-index insurance cover for their members that provides coverage against heat waves resulting into loss of milk yield.
Who Can Benefit
- Individual Farmers
- Farmer Groups
- Dairy Federations/Cooperatives
- Dairy Tech Companies
- Banks & Microfinance Companies
- Cooperative Banks
Heat Stress
Flood
Cyclone
Sample Policy
A milk union in Gujarat protected its dairy farmers against loss of income due to reduction in milk yield during peak summers using a heat-index cover that triggers on heat waves.
Coverage Terms
POLICYHOLDERMilk Union
LOCATIONVadnagar, Mehsana, Gujarat
DATA SOURCEIMD Gridded Temperature Data (Geo Reference: 24°N 72.5°E)
PAYOUT BASED ONNo. of Consecutive Days where Max Temp >45°C or remains 5°C above normal
COVERAGE PERIOD1st April to 30th June
PAYOUT LEVEL 17 consecutive hot days pay ₹2,000
PAYOUT LEVEL 215 consecutive hot days pay ₹5,000
PAYOUT LEVEL 325 consecutive hot days pay ₹10,000
MAX PAYOUT LEVEL25 consecutive hot days
MAXIMUM PAYOUT₹ 10,000
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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