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Agriculture provides livelihood to more people than all other sectors put together. Agriculture production is highly variable due to uncertain weather vagaries, large rain fed area, pests and diseases. Pradhan Mantri Fasal Bima Yojana (PMFBY) provides a comprehensive coverage to the farmers against the many such unforeseen crop losses.

  • To provide insurance coverage and financial support to the farmers in the event of failure of any of the notified crop as a result of natural calamities, pests & diseases.
  • To stabiles the income of farmers to ensure their continuous process in farming.
  • To encourage farmers to adopt innovative and modern agricultural practices.
  • To ensure flow of credit to the agriculture sector.
  • Uniform Premium: Farmers need to pay only maximum of 2% on Sum Insured as premium for all Kharif crops and maximum of 1.5% for all Rabi crops. In case of annual commercial and horticultural crops, the premium to be paid will be only maximum of 5%.
  • Low Premium and High Coverage:The premium rates to be paid by farmers are very low and balance premium will be paid by the Government to provide full insured amount to the farmers against crop loss in any natural calamities.
  • Significant Use of Technology:Smart phones, Remote sensing drone and GPS technologies will be used to capture and upload data of crop cutting to reduce the delays in the claim payment.
  • Government Of India’s National Agriculture Portal:  Complete Farmer data is stored on a single portal – https://pmfby.gov.in
  • Implementing Agency (IA): Only one Insurance Company is allowed to operate as Implementing Agencies for each cluster (a combination of Districts).
  • All farmers including sharecroppers and tenant farmers growing the notified crops in the notified areas are eligible for coverage.
  • Farmers should have insurable interest for the notified/insured crops.
  • The insurance coverage will strictly be equivalent to sum insured/hectare, as defined in the Government. notification or /and on National Crop Insurance Portal multiplied by sown area for notified crop.
  • All farmers who have been sanctioned Seasonal Agricultural Operations (SAO) loans from Financial Institutions (FIs) (i.e. loanee farmers) for the notified crop(s) season would be covered compulsorily.
  • Any change in crop plan should be brought to the notice of the bank at least 30 days before cut-off-date.
  • Insurance Proposals are accepted only upto the cut-off date declared by the State Level Coordination Committee on Crop Insurance (SLCCCI).
  • The Scheme is optional for non-loanee farmers.
  • To buy Insurance they can approach banks / Common service centres / Agriculture office and the authorised intermediaries of the Insurance company.

In addition to the yield losses, the scheme also covers,

  • Prevented sowing / Planting / Germination Risk:  Insured area is prevented from sowing / planting / germination due to deficit rainfall or adverse seasonal/weather conditions.
  • Loss to standing crop from sowing to harvesting:  Yield loss due to non-preventable risks, viz. Drought, Dry spell, Flood, Inundation, Pests and Diseases, Landslides, Fire due to natural causes,Lightening, Storm, Hailstorm and Cyclone
  • Post-Harvest losses:  Up to a maximum period of two weeks from harvesting, for those crops which are required to be dried in cut and spread condition in the field after harvesting against specific perils of cyclone, cyclonic rains and unseasonal rains.
  • Losses due to localized calamities : Loss / damage to notified insured crops resulting from occurrence of identified localized risks of hailstorm, landslide, inundation, cloud burst and natural fire due to lightening affecting isolated farms in the notified area.
  • Add on coverage for crop loss due to attack by wild animals may be considered by state in the respective PMFBY tender wherever the risk in identifiable (premium for this will be borne by farmers).

For any losses arising out of the above mentioned events the farmer should contact our company and intimate the loss within 48 hours of the occurrence.
Details like survey number, insured crop and area affected details, Application No, News Paper Cuttng and any other available evidence to substantiate losses.

The insurance cover will not be applicable in the damage of crops due to any of the following reasons.

  • War & kindred perils
  • Nuclear risks
  • Riots
  • Malicious damage
  • Theft or act of enmity
  • Grazed and/or destroyed by domestic and/or wild animals and other preventable risks shall be excluded.
  • Only the Enrolment happened within the stipulated cutoff dates will be considered for Insurance.
  • Only crops notified by State Government are covered under the scheme.
  • Sum Insured is calculated based on the Scale of Finance declared by the SLBC / State Government.
  • Please ​click and select Insurance premium calculator to know Sum Insured, Farmer share of premium.

Premium Rates​

Season Crops premium Payable by farmers(% of sum insured)*
Kharif A​ll food grain and oil seed crops 2.0 % of SI or Actuarial rate, whichever is less
Rabi All food grain and oil seed crops 1.5 % of SI or Actuarial rate, whichever is less
Kharif and Rabi Annual commercial/Annual horticultural crops 5.0 % of SI or Actuarial rate, whichever is less

*Only for notified crops in that particular area. Difference between actuarial premium rate and Maximum Premium Payable by farmers would be subsidized by State and Central Govt. in equal proportions. Click here to know our premium, and select Premium calculator

Procedure​

Non- Loanee Farmers:
  • Non-loanee farmer's can enrol through anyone of the channels given below.
  • The non-loanee farmers are required to submit necessary documentary evidence of land records prevailing in the State (Records of Right (RoR), Land possession Certificate (LPC) etc.) and/ or applicable contract/ agreement details/ other documents notified/ permitted by concerned State Government.
  • In case of sharecroppers/tenant farmers and the same should be defined by the respective States in the notification itself.
Loanee Farmers: Enrolment is compulsory for all loanee farmers. The documents are needed to be submitted to the Bank itself. Enrolment happens only through your respective banks.

Channels of Enrollment

BANK
Please click to know your nearest Bank to enroll in the scheme.
Loanee / Non Loanee
CSC
Please click to know your nearest Common Serv​ice Center (CSC) to enroll in the scheme.
Non Loanee
DIRECT
Please click to enroll online through directly​ visiting PMFBY website.
Non Loanee

  • Yield Based Claims:
    • State government conducts required number of Crop Cutting Experiments (CCEs) at each notified insurance unit and the yield data will be shared with insurance company within the prescribed time limit. The claim calculation is done based on this data.
    • The Threshold Yield (TY) shall be the benchmark yield at which Insurance protection shall be given to all the insured farmers at each Insurance Unit
    • Threshold of the notified crop (TY) = moving average yield x Indemnity level.

    Claim paid = (AY-TY)/TY x Sum Insured

  • Prevented sowing / Planting / Germinat​ion Risk:
    • State Goernment would declare a notified insurance unit as having suffered prevented sowing/ planting condition.
    • Reports on Weather data, satellite imagery and crop condition and area sown data etc. shall be used as proxy indicator.
    • Claim paid under this cover would be 25% of the sum insured and the Insurance cover will be terminated.
  • Loss to standing crop from sowing to harvesting:
    • Covers the losses due to adverse seasonal conditions during the crop season viz. floods, prolonged dry spells, severe drought etc.
    • Likely expected yield during the season is to be less than 50 % of normal yield.
    • Maximum claim paid would be 25% of the likely claim, subjected to adjustment against final claims.
  • Post-Harvest losses:
    • Intimation to be given by the insured farmer within 72 hours, either to insurance company, concerned bank, local agriculture department, Govt. /district officials or through toll free number. ​​ ​
  • Losses due to localized calamities:
    • Intimation to be given by the insured farmer within 72 hours, either to insurance company, concerned bank, local agriculture department, Govt. /district officials or through toll free number. ​
Rainfall data supported by media reports in the local media or reports of the agriculture/ revenue department supported by media reports and other evidences shall be used as proxy indicator.
  • Claim Intimation:

    Information on Loss should be given with in the stipulated time through anyone of the following

    • Call us on Toll Free No. 180030024088.
    • Reach out to the District Agriculture Office and our representative will be intimated by the DAO office.
    • Reach out to your respective Banks.

Claim details can be viewed by ​clicking here.

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Q1: What is Insurance ?
  • Insurance is a tool to help compensate an individual or business for unexpected losses that might otherwise cause a financial disaster. It is a process where, the losses of a few are shared by the contributions of many.

Q2: What is Crop Insurance ?
  • Crop insurance is a means of protecting the agriculturist against financial losses due to uncertainties that may arise from crop failures/losses arising from named or all unforeseen perils beyond their control.

Q3. What is PMFBY ? ?
  • Pradhan Mantri FasalBima Yojana (PMFBY) is a scheme launched by Govt of India to provide support for Famers from losses occurring due to unforeseen and unfavourable vagaries of nature.
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Q4. What are Sum Insured / Coverage Limit ?
  • Sum Insured per hectare for both loanee and non-loanee farmers will be same and equal to the Scale of Finance as decided by the District Level Technical Committee, and would be pre-declared by SLCCCI and notified.
  • No other calculation of Scale of Finance will be applicable.
  • Sum Insured for individual farmer is equal to the Scale of Finance per hectare multiplied by area of the notified crop proposed by the farmer for insurance.
  • 'Area under cultivation' shall always be expressed in 'hectare'.
  • Sum insured for irrigated and un-irrigated areas may be separate ​
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​Q5. Where can I find more details about PMFBY​ ?
  • For detailed coverage, exclusions and operational modalities, please read Operational Guidelines of Pradhan Mantri Fasal Bima Yojana issued​ by Government of India.​​
  • For previous Operational guidelines click here
​Q6. What is the assessment of yield claim done ?
  • Yeild losses claims will be calculated based on the formulae, [(Threshold yield – Actual Yield) / Threshold Yield ] X Sum Insured​​
​Q7. What are the premium rates charged under this scheme ?
Season Crops premium Payable by farmers(% of sum insured)*
Kharif A​ll food grain and oil seed crops 2.0 % of SI or Actuarial rate, whichever is less
Rabi All food grain and oil seed crops 1.5 % of SI or Actuarial rate, whichever is less
Kharif and Rabi Annual commercial/Annual horticultural crops 5.0 % of SI or Actuarial rate, whichever is less
​Q8. How is prevented sowing claim applicable for farmers?
  • State Govt. would declare a notified insurance unit as having suffered prevented sowing/ planting condition.
  • Reports on Weather data, satellite imagery and crop condition and area sown data etc. shall be used as proxy indicator.
  • Claim paid under this cover would be 25% of the sum insured and the Insurance cover will be terminated.​
​Q9. Are all crops covered under this scheme ?
  • Only the notified crops will be covered under the scheme.​
​Q10. What is the farmer eligibility to be covered under PMFBY ?
  • All farmers including sharecroppers and tenant farmers growing the notified crops in the notified areas are eligible for coverage.
  • Farmers should have insurable interest for the notified/insured crops.
​Q11.Is there any timelines for enrollment for PMFBY?
  • Strict cutoff dates are followed under PMFBY for enrolment. Only the proposals received before the cutoff date are covered under the policy.
​Q12. What is sum insured limit for individual farmer ?
  • Sum Insured = Scale of Finance of the notified crop x Area of the notified crop proposed for insurance.
​Q13. What is the collection process of proposal and premium from loanee farmers ?
  • Farmers need to submit the details to the respective banks.
  • Premium will be auto debited by the banks from the farmer account prior to the cutoff date.
​Q14. What is the collection process of proposal and premium from non loanee farmers ?
  • Non Loanee farmers can approach any of the Banks, CSCs, or PMFBY website for enrolment.
  • They need to submit the necessary documents like, evidence of land records prevailing in the State (Records of Right (RoR), Land possession Certificate (LPC) etc.) and/ or applicable contract/ agreement details/ other documents notified/ permitted by concerned State Govt.
  • In case of sharecroppers/tenant farmers and the same should be defined by the respective States in the notification itself. The premium has to be paid through any of these channels.
  • Both submission of documents and premium payment must happen before the cutoff date.
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