Agricultural Insurance-Maharashtra

S.No

Scheme

Quantum of assistance

National Agriculture Insurance Scheme (NAIS)

• Insurance protection for notified food crops, oilseeds and annual horticultural/commercial crops.
• Premium rate of 1.5 to 3.5 percent for cereals & oilseeds crops and actuarial premium rate for annual Commercial/ Horticultural crops are charged. (Kharif: 2.5% for cereals, millets & pulses & 3.5% for bajra & Oilseeds, Rabi: 1.5% for wheat & 2 % for cereals, millets pulses & oilseeds).

10 % subsidy on premium is provided to Small & Marginal farmers.

• When the crop yield is less than the guaranteed yield of notified crops, the indemnity payment equal to the shortfall in yield is payable to all insured farmers.

• Insurance protection for notified food crops, oilseeds and annual horticultural/commercial crops.
•  The actuarial Premium rate for notified crops is charged.
• Subsidy ranging from 40% to 75% of the premium is provided to all types of farmers depending on the slab of premium.
• (Up to 2% – Nil, > 2 to 5% – 40% subject to minimum net premium of 2%,> 5 to 10% – 50% subject to minimum net premium of 3%, >10 to 15% -60% subject to minimum net premium of 5%, >15% -75% subject to minimum net premium of 6%).

• If the sowing is not done due to adverse weather/climate, claims/indemnity up to 25% of Sum Insured will be paid for prevented sowing/planting risk.
• When the crop yield is less than the guaranteed yield of notified crops, the indemnity payment equal to shortfall in yield is payable to all insured farmers
• However, account advance payment up to 25% of likely claim will be paid as immediate relief.

• Insurance protection for notified food crops, oilseeds and horticultural/commercial crops.
• The actuarial Premium rate for notified crops, subject to maximum premium up to 12%, is charged.
• 25-50% subsidy on premium rate is provided to all type farmers (to make the actual payable premium at par with NAIS).
• When the Weather indices (rainfall/temp/relative humidity/wind speed etc) are differing (less/higher) from the Guaranteed weather index of notified crops, the indemnity payment equal to deviation/shortfall is payable to all insured farmers of notified crops.

•  Insurance protection for Coconut Palm growers.
• Premium rate per palm ranges from ` 4.69 (in the plantation age group of 4 to 15 years) to ` 6.35 (in the plantation age group of 16 to 60 years).
• The Insurance policy pays for total 1000 of palm on account of happening of perils insured leading to the death of insured palm or it is becoming unproductive.