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Most Popular Policies of AIC Of India Ltd

  • National Crop Insurance Programme
    Government of India launched a farmer friendly crop insurance plan called National Crop Insurance Program.
    Key features of National Crop Insurance Program
    • Liability of claim available
    • Easy settlement of claim
    • Coverage available for loss of harvest
    • Experiments regarding crop-cutting is covered
  • Varsha Bima / Rainfall Insurance Plan
    The Rainfall Insurance is a weather insurance policy designed for the farmers to give them financial coverage against rain-affected crops.
    Key features of Rainfall Insurance Plan
    • It helps mitigate the adverse effect of rainfall
    • Transparent plan with flexible premium
    • Quick claim settlement
    • Inexpensive plan
  • Pulp Wood Tree Insurance Policy
    This India Government initiated crop insurance plan is crafted for those farmers who grow various pulp wood trees.
    Key features of Pulp Wood Tree Insurance Policy
    • Coverage available for total loss
    • Partial losses are also covered
    • Complete protection against natural calamities
    • Policy tenure can be extended to 5 years
  • Bio-Fuel Tree/Plant Insurance Plan
    This insurance plan covers those farmers in India that help produce bio-fuels.
    Key features of Bio-Fuel Tree/Plant Insurance Plan
    • Payment of total sum assured if crop gets damaged
    • Coverage available for all natural risks
    • Optional extension of policy period up to 5 years
    • Optional coverage against drought available

Bio-Fuel Tree/Plant Insurance

Since the natural resources are getting depleted day by day, this is high time that biofuels be given due importance. These are one of the most promising fuels after the fossil fuels and hence, even the government is showing interest in providing insurance to the farmers who are helping in producing the biofuels.

Key Features

The various benefits of the biofuel plant/tree insurance have been discussed in detail as under:

  • All Natural Risks Covered:

    In case the crop dies due to some natural calamity, which includes fire, lightning, frost, riots, earthquakes, wild animal impact, hailstorm or dry spells etc., the claim can be filed by the producers of the crop.

  • Total Sum Paid:

    In case the crop gets damaged somehow, the total sum that was assured would be paid back to the producer.

Major Exclusions:

The exclusions, that is, the conditions under which the claim cannot be filed by the producer have been discussed as under:

  • Non-bearing of fruits:

    In case the plant does not bear any fruit, and no weather changes or natural calamity conditions are identified, financial support would not be provided.

  • Negligence:

    In case the producer himself is negligent and due to his own actions. Some drought conditions were there or irrigation problems were there, claim cannot be done.

  • Loss due to Fertilizers:

    In case low quality fertilizers or some incorrect farming techniques have been used by the producer, the claim would not be provided.

Benefits of the Bio Fuel Tree/Plant Insurance Policy Explained in Detail

Name of the Benefit

The Advantage


Protection Against All Natural Calamities

Not only the seasonal natural calamities, but all the natural calamities which might affect the bio fuel plant or tree, have been covered under this policy, which include forest fire, strikes, riots, lightning and heavy thunder, high speed winds, hailstorms, cyclones and floods, cold waves and frost conditions, earthquakes and wild animal impacts, dry spells and drought conditions.


All Plants covered

All the known varieties of the bio fuels, including jatropha, karanja, mahua, polanga and paradise tree have been covered under the bio fuel plant/tree insurance policy. So, the farmers dealing with any one of the crop can go for it.


Extensible Cover

Though the sum assured would depend upon a number of factors, the sum can be extended upon the desire of the insured. However the maximum limit to that would be up to 150% of the cost of the inputs given to the crops or the trees.


Frequently Asked Questions:

  • What would be the period of the insurance?

It would be an annual policy, which can be renewed every year. However, if the producer wants he can either opt for a 3 year period policy or the 5 year period policy.

  • What would be the Sum Insured?

The sum insured is not fixed and would vary depending upon a number of factors, including the type of the crop, the type of the soil that is used, the geographical location of the farm, the deductibles and many others.