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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

National Agricultural insurance Scheme

Keeping in mind the deteriorating of the farmers day by day, the government of India is providing many insurance schemes for the agriculture in India and a lot of farmers are getting the benefits from them. The National Agricultural Insurance Scheme is one such scheme that the farmers can rely upon.

Key Features

The various positive features of the National Agricultural Insurance Scheme have been discussed as under. Go through them and you would be convinced why all the eligible farmers should go for it:

  • Both the Governments are Sponsoring:

    A major feature of the National Agricultural Insurance Scheme, which makes it different from the state based schemes and the center based schemes is that it would be sponsored by both state and central governments in combination. Both the governments would provide 50:50 funds and hence, it is worth to say here that this scheme is safer.

  • Everyone can benefit:

    Not only can the individual farmers, but the communities of farmers also benefit under this scheme.

  • Production Risk Covered

    : When the farmer is stressed out on the production risk, this scheme would give him a ray of hope that his production losses would be covered in the worst case.

  • All the risk covered:

    The non-preventable risks such as natural fire, dry spells, pets, hailstorm, inundation, floods etc. would be covered under the scheme.

Name of the Benefit

Advantage of the Benefit


Extensible Sum

In case the insured farmer asks for it, the sum assured can be extended up to a maximum value of the Threshold yield of the crop.


All states Covered

Not only all the states in the country would be covered under the scheme, but all the union territories and all the identified crops growing in those particular regions would be covered. However, if the states and union territories opt for the scheme once, they would have to continue it for a period of 3 continuous years.


All Farmers covered

Not just the individual farms, but the communities and the sharecroppers as well as the tenants would be covered under the National Agricultural Insurance scheme.


Natural Risks Covered

All the natural risks, which cannot be prevented anyhow, would be prevented under the scheme.


All Seasons Covered

All the seasons would be covered under the national agricultural insurance scheme; this includes kharif season, rabi season and the Kharif and Rabi season.


Shared Subsidy

The subsidy would be shared 50:50 between the state government and the central government. This is the reason why the

National Agricultural Insurance scheme

is very effective.


Risk Sharing is Possible

A great benefit of risk sharing is made available to the farmers by this scheme. The implementing agency and the government would share the risk equally and the farmers would be least affected in case a natural calamity occurs.


States and the Crops Covered

All the states in the country are covered and almost all the crops growing in the particular region would be covered by the Jharkhand.

Major Exclusions:

There are some exclusions as well, which the farmers should know before going for the scheme, as discussed under:

  • War and Nuclear Risks:

    In case crops fail due to war conditions or some kinds of nuclear risks, they would not be covered under the National Agricultural Insurance Scheme.

  • Malicious Damage:

    If some kind of malicious damage is the reason for the loss of the crops, the farmers cannot claim the loss from the insurance company.

  • Preventable Risks:

    If there are some preventable risks that have damaged the crops, the farmers cannot apply for the claim.

Frequently Asked Questions:

  • Which farmers would be covered under the scheme?

Sharecroppers as well as the tenant farmers can avail the scheme. The loanee farmers as well as the non loanee farmers can go for it.

  • When would the Insurance Companies Act upon the claims?

As soon as the farmers claim for their losses and the state government issues the notification about the failure of the crops, the banks would inform their respective branches and the work would be started.

  • How much total area is covered under the National Agricultural Insurance Scheme?

A total of 27305812.11 hectares area is covered under the National Agricultural Insurance Scheme.