Agriculture Insurance
1. What is agriculture insurance?
Agriculture insurance protects farmers against financial losses due to events like drought, floods, pests, diseases, excessive rainfall, flashfloods, hailstorm, windstorm. It covers crops and/or livestock depending on the policy.
2. Who can apply for agriculture insurance?
Both small-scale and large-scale farmers involved in crop, livestock, or aquaculture production can apply, provided they meet the insurer's eligibility criteria.
3. What Does Agriculture Insurance Cover?
1. Crop Insurance Covers:
- Crop failure due to weather-related risks such as drought, floods, hailstorms, and excessive rainfall
- Pest infestations and plant diseases that significantly reduce yield
- Fire or accidental damage to insured crops
2. Livestock Insurance Covers:
- Mortality due to disease, accidents, or natural disasters (e.g. lightning, floods)
- Epidemics affecting large groups of animals
- Theft (if included in the policy)
- Injuries or accidents leading to death or permanent disability
- Fire-related losses in farm structures that result in livestock death