Leaflets - English - Final PDF

National Agricultural Insurance Scheme
lR;eso t;rs
www.aicofindia.com
Agriculture Insurance Company of India Limited (established by Government of India) is exclusively

implementing the National Agricultural Insurance Scheme (NAIS) across the country NAIS is a 'area
yield guarantee' crop insurance scheme and the unit of insurance may be district, mandal, block,
nyay panchayat, gram panchayat, village etc as notified by the State Government.
Salient features of the Scheme
All farmers including sharecroppers, tenant farmers growing the notified crops in the notified
unit areas are eligible for coverage
Scheme is available for all farmers; compulsory for loanee farmers and voluntary for
non-loanee farmers
Sum Insured for the loanee farmers to be at least equal to the amount of crop loan
advanced. For the non-loanee farmers, the Sum Insured may extend to the value of
guaranteed yield of the insured crop, at the option of the farmers
The farmers (both loanee and non-loanee) may also insure their crops above the value of
guaranteed yield up to 150% of value of the average yield of the notified area
SOCHO BIMA FASAL KI, SOCHO HAMESHA AIC
Insurance coverage available for cereals & millets (Paddy, Wheat, Mize, Jowar, Bajra etc),
Pulses (Green gram, Black gram, Red gram, Gram, Lentil etc), Oilseeds (Groundnut, Soya
bean, Mustard etc) and Annual Commercial & Horticultural Crops (Sugarcane, Potato,
Onion, Chilly, Ginger etc)
The applicable premium rates for all the insured Food Crops & Oilseeds are highly
subsidized and fixed by the Government of India. The premium is further subsidized to the
extent of 10% for Small and Marginal farmers
If the season's average yield per hectare of the insured crops falls below the guaranteed yield
for the insurance unit, all the insured farmers growing that crop in the defined areas are
eligible for claims
Settlement of claims based on yield data obtained through stipulated number of Crop
Cutting Experiments, furnished by the State Government
Claim to eligible insured farmers are routed through the banks. The insured farmers need not
to lodge for any claim
Agriculture Insurance Company of India Ltd.

Regd. Off.: "Ambadeep" (13th Floor), 14, Kasturba Gandhi Marg, New Delhi-110001
Ph.: 91-11-46869800, Fax : 91-11-46869815, E-mail : aicho@aicofindia.com Website : www.aicofindia.com
For Grievance Redressal, please log on to http://www.aicofindia.com/AICEng/Pages/Grievance_Home.aspx
lEiUu Hkkjr dh igpku] chfer Qly] [kq ' kgky fdlku
Insurance is the subject matter of solicitation AICHO/14-15/1C/NAIS
This is for publicity purpose only; Terms & Condition apply
The loanee farmers availing loans for notified crops are automatically insured under the
Scheme by the banks, while the non-loanee farmers are required to insure their crops
through nearest service bank branch
National Crop Insurance Programe
Weather Based Crop Insurance Scheme (WBCIS)

Salient features
Parametric insurance product designed to provide insurance protection against losses
in crop yield resulting from adverse weather incidences. Providing payouts against
adverse rainfall incidence (both deficit & excess) during Kharif and adverse incidence
in weather parameters like frost, heat, relative humidity, un-seasonal rainfall etc.
during Rabi Seasons
All cultivators including sharecroppers, tenant farmers growing the notified crops in
any notified reference unit area (RUA) in the pilot areas are eligible for coverage
Compulsory for loanee farmers and voluntary for non-loanee farmers
Sum Insured is pre-declared per unit area (broadly equelent to cost of cultivation of the
crops)
Premium is subsidized by central and state Government up to 50%.
The insured cultivators become eligible for payout if the Actual Weather recorded at
an RWS during the specified time period shows deviation as compared to the specified
Trigger Weather payouts normally within 45 days from the end of the insurance/
risk period.

Insurance is the subject matter of solicitation AICHO/14-15/1C/WBCIS
MODIFIED NATIONAL AGRICULTURAL

INSURANCE SCHEME (MNAIS)
Main features
In case Majority farmers of an area are prevented from sowing / planting due to deficit
rainfall or adverse seasonal conditions, such insured farmers may be eligible for
indemnity. The indemnity payable would be a maximum of 25% of the sum-insured.
In case of localized risks, viz. hailstorm and landslide, the claims will be assessed on
individual basis. For other calamities the assessment will be on the basis of area
approach.
In case of adverse seasonal conditions during crop season, an account payment of
claim amount up to 25 percent of likely claims may be released in case losses are
likely to be more than 50%.
At the end of the season, claims shall be assessed on the basis of yield data submitted
by the State Govt based on requisite number of Crop Cutting Experiments (CCEs).
Post-harvest coverage is available for those crops, which are allowed to dry in the field
up to 14 days after harvesting due to cyclone in coastal areas, resulting in damage to

harvested crop.
Crops covered : All food crops (cereals, millets, Pulses), oilseeds and annual commercial
horticultural crops.
Farmers eligible : All farmers including sharecroppers, tenant farmers growing the
notified crops in the notified areas are eligible for coverage.
All farmers availing Seasonal Agricultural Operations (SAO) loans from Financial
Institutions (i.e. loanee farmers) would be covered compulsorily. The Scheme is optional
for non-loanee farmers.
Sum Insured : In case of Loanee farmers, the Sum Insured would be at least equal to the
amount of crop loan sanctioned. For Non loanee farmers the sum insured would be the
value of threshold yield.
Farmers, at their option, can get their crops insured beyond value of threshold yield up to
150% value of average yield; however, subsidy would not be available on this additional
coverage.
Claim payment : The farmers shall have to intimate losses to be assessed on individual
basis, within specified time however the losses on area approach shall be automated and
farmers need not to lodge any claim for claims on area approach basis.

Insurance is the subject matter of solicitation AICHO/14-15/1C/MNAIS
How to get insurance : The loanee farmers shall be covered compulsorily by the
concerned bank branch / PACS. The non loanee farmers can get insurance by filling in a
simple proposal form and submitting the same in the bank branch / PACS where he has an
account or through empaneled intermediary.
BIO-FUEL TREE / PLANT INSURANCE

Unique named peril insurance covering as many as six different tree / plant species,
including Jatropha
Provides for optional cover against drought risk
Maximum liability is linked to cost of cultivation & age of trees / plants and varies from
species to species
About 80% of the worlds energy requirements are met by fossil fuel which is depleting day
by day due to increase in demand. This has led us to explore alternative energy sources,
the most promising amongst which are bio-fuels. To promote this environment friendly
fuel, the government is giving various incentives and subsidies to Bio-fuel tree/plant
growers to attain the energy security.
Applicability
This insurance scheme is applicable to Bio-fuel tree / plant growers and producers, whose
produce/ yields are likely to be affected by the specified perils. The trees / plants covered
under the policy are: Jatropha curcas (Jatropha), Pongamia pinnata (Karanja),
Azadirachta indica (Neem), Bassia latifolia (Mahua), Callophyllum inophyllum (Polanga)

& Simarouba glauca (Paradise Tree).
Scope of Cover
The policy shall cover and indemnify the insured against pecuniary loss suffered by the
insured in respect of cost of inputs on account of the total loss or damage to the trees/
plants occasioned by natural calamities like Flood, Cyclone, storm, Frost and Pest &
diseases etc., either in isolation or concurrently. Total loss shall mean loss or damage to
individual Bio-fuel plant or entire plantation or part thereof leading to death of the plant
or making the plant economically unproductive.
Sum Insured
Sum insured is based on cost of inputs per unit area of insurance covered which will
depend on nature of tree / plant and age of tree / plant. Sum Insured is broadly equivalent
to input cost, and can extend up to 125% / 150% of the input cost
Period of insurance
The Policy period is annual, with a provision to go for policy of 3 or 5 years duration.
On occurrence of any insured perils leading to the total loss of damage to the plant
/plants the insured has to submit the claim form to Agriculture Insurance Company of
India Limited (AIC). AIC shall send a licensed surveyor along with an Agriculture Expert to
the field for assessing the loss to facilitate claim processing. For the purpose of claims,
death / totally damaged plants making the plant economically unproductive shall be
considered as loss under the policy. Decline and / or retardation of growth shall not be
deemed as loss.

Insurance is the subject matter of solicitation AICHO/14-15/1C/BIO-FUEL
Loss Assessment Procedure

COCONUT PALM INSURANCE SCHEME
In collaboration with Coconut Development Board, a comprehensive coconut life
insurance product.
Insurance based on Named perils leading to death /permanent damage to coconut palm
Maximum liability is based on age of coconut palm and discounted future value
Coconut is the leading plantation crop of India grown mostly in the coastal areas. Every
part of coconut has use coconut water, coconut oil, copra, cake, raw kernel, toddy, shell
based products, wood based products, and coconut leaves, etc. Coconut occupies
dominant position with cultivated area of nearly 2 million hectares, producing
over 12 billion nuts per annum. Coconut is vulnerable to weather factors, particularly
cyclone winds, gales etc. besides pests & diseases.
Coverage
The insurance cover shall cover damage / losses to coconut palm arising out of nonpreventable natural factors.
Insurance of Coconut Palm
The insurance compensates the insured in the event of total loss of the individual
palm/tree in the insured plantation from the 4th year to the 60th year. In the first year, a
waiting period of three months from the date of transplanting shall apply. The insurance
coverage and claim assessment shall be on individual tree basis. The insurance is against
perils like Storm, Hail storm, Cyclone, Typhoon, Tornado, Heavy rains, Flood, Inundation,
severe drought, Fire, Lightning, Earthquake, Landslide, Riot, Strike and Pests & Diseases of
widespread incidence.
Applicability : Minimum trees to be covered 10 healthy nut bearing palms
Age Group: (1) 4 years to 60 years for dwarf and hybrid trees (2) 7 years to 60 years
for tall tree.
For fixing premium rates and sum insured the age groups are split into two - 4 years to
15 years & 16 years to 60 years
Sum insured and Premium :
Sum Insured
4 years to 15 years
Rs. 600 per palm
16 years to 60 years
Rs. 1150 per palm
Premium
Rs. 4-25 per palm
Rs. 5-75 per palm
No service tax on premium

Premium subsidy: 50% by Coconut Development Board, 25% by concerned State
Govt., 25% by farmer. If State Govt does not agree for premium subsidy farmer has to
pay full premium.
Waiting period: Loss/death of palms within 30 days of inception of insurance, claim is
not payable under the scheme. However, this condition is applicable in case of
renewal of insurance, without time gap.
Claim assessment & settlement procedure :
(b) Loss certification is required as mentioned in the scheme.

Insurance is the subject matter of solicitation AICHO/14-15/1C/CPIS
(a) Loss to palm to be intimated within 7 days
RAINFALL INSURANCE SCHEME - COFFEE (RISC)

Provides protection against failure of Blossom Showers & Backing Showers and excess
rainfall during Monsoon & Post Monsoon rainfall

Available in the coffee growing areas of Karnataka, Kerala & Tamil Nadu and covers
both Robusta & Arabica
Allows for speedy settlement of claims, say within 4 6 weeks after the insurance period
is over.
(i) Coffee Rainfall insurance is a unique rainfall insurance product designed in consultation
with Coffee Board, Central Coffee Research Institute and coffee growers of the states of
Karnataka, Kerala and Tamil Nadu.

(ii) The rainfall insurance provides effective risk management aid to those coffee growers
likely to be impacted by adverse rainfall incidence.
Coverage
Agriculture Insurance Company of India Ltd. compensates the insured against the
likelihood of diminished coffee output/yield resulting from shortfall / excess in the actual
rainfall (as the case may be) for different coverage options.
Period of Insurance: The insurance operates during 1st March to 31st August. The periods
under different coverage are as follows:
Blossom Shower : 1st March to 15th April/ 30th April/ 15th May.
Backing Shower : 18th day from fulfillment of Blossom Shower till 35th day.
Monsoon Shower : 1st July to 31st August
Post Monsoon - a) 1st November-31st December (Arasica)
b) 1st December-28th February (Robasta)
Period of insurance under each coverage option is to be specified separately for each
zone/ rain gauge station area.
How claims become payable
In the event that, in the geographical location and during the time period specified in the
Schedule to this policy for different options, the Actual Rainfall is deficit / excess compared
to the specified trigger level, the benefit payable to the insured shall be a sum specified
corresponding to the trigger level, subject to maximum of the Sum Insured specified under
various options of the Schedule.
Claim Documentation
Claims are automated; and will be settled on the basis of actual rainfall data received
from the concerned agencies/ institutions. Claims when become payable, will be paid at
a uniform rate to all the insured growers in the coffee zone.
Premium Subsidy

Insurance is the subject matter of solicitation AICHO/14-15/1C/RISC
Coffee Board provides premium subsidy upto 50% of premium for growers with
plantation size upto 10 hectares.
RABI WEATHER INSURANCE

Provides protection against adverse deviations in a range of weather parameters like
frost, heat, relative humidity, rainfall etc. between December and April
Generic insurance product insuring crops like wheat, potato, barley, mustard, gram
etc.
Allows for speedy settlement of claims, say within 4 6 weeks after the insurance
period.
Wheat, Mustard, Gram, Potato, Masoor, Barley and Coriander are the major Rabi season
crops mostly in the states of UP, MP, Maharashtra and Rajasthan. These crops are
extremely vulnerable to weather factors, such as excess rainfall, frost, and fluctuation in
temperature etc.
Weather Insurance : (Rabi) is a mechanism for providing effective risk management aid
to those individuals and institutions likely to be impacted by adverse weather incidences.
The most important benefits of Weather Index Insurance are:
Trigger events like adverse weather events can be independently verified and
measured.
It allows for speedy settlement of indemnities, as early as a fortnight after the
indemnity period.
All growers, be it Small /Marginal; Owners or tenants/Sharecroppers can buy this
Weather Insurance.
Coverage
Agriculture Insurance Company of India Limited (AIC) shall compensate the insured, against
deviation in weather parameter from pre defined weather triggers.
Period of Insurance : The insurance operates during the months of December to April. However
the period is different for different parameters and crops.
Claim Procedure Note

Insurance is the subject matter of solicitation AICHO/14-15/1C/RWI
Claims are automated; and will be settled on the basis of actual weather data received from the
concerned agencies/ institutions as applicable to each crop separately. Claims when become
payable, will be paid at a uniform rate to all the insured growers in the area (jurisdiction of
reference weather station) growing the insured crop.
PULPWOOD TREE INSURANCE

This insurance scheme is applicable to Pulpwood tree growers and producers, whose
produce/ yields are likely to be affected by the specified perils. The product shall be
offered for Pulpwood trees in specific geographic locations with adequate infrastructure
and facilities to grow the crop. The trees covered under the policy are:
Eucalyptus
Poplar
Subabul
Casuarina
Scope of Cover
The policy shall cover and indemnify the insured against pecuniary loss suffered by the
insured in respect of cost of inputs (agreed value) on account of the total loss or damage
to the trees occasioned by specified perils/risks like Fire, Flood, Cyclone, storm, Frost and
Pest & diseases etc., either in isolation or concurrently. Total loss shall mean loss or
damage to individual Pulpwood plant or entire plantation or part thereof leading to death
of the plant or making the plant economically unproductive.
Sum Insured
Sum Insured is based on cost of inputs (agreed value) per unit area of insurance covered
which will depend on nature of tree, age of tree. Sum Insured is broadly equivalent to
input cost, and can extend up to 125% / 150% of the input cost at the discretion of the
insurer.
Period of insurance
The Policy period is annual, with a provision to go for policy of up to 5 years duration.
How to avail insurance

Insurance is the subject matter of solicitation AICHO/14-15/1C/PULPWOOD
The insurance product is available through the existing network of AIC. Individual growers
can directly purchase the policy from AIC or from authorized individual / corporate
agents.
RUBBER PLANTATION INSURANCE

The rubber plantations are exposed to perils like fire, lightning, forest fire, bush fire, flood,
storm, tempest, inundation, land slide, rock slide, earthquake, drought etc. The
peculiarity of rubber plantations is that if a few trees in a holding is damaged or perished,
that particular patch of land cannot be used till the time the entire trees are cut and the
area replanted.
Scope of Coverage
The scheme will be applicable to both mature and immature plantations. The policy will
be issued for a period of 7 years from the last day of the month of planting for immature
plants. Compensation will be available from the second year onwards, which is
calculated on the basis of replacement cost of the plant plus present value of future
returns arising out of the loss / death of the plant. For mature plantations cover will be
provided for blocks of 3 / 2 / 1 year(s) from the 8th year of planting. Compensation is
calculated the same way as for the immature plantations.
Risks Covered by the Scheme
Fire, Lightning, Riot, Strike & Malicious Damage, Bush Fire, Forest Fire, Flood, Storm,
Tempest, Inundation, Land Slide, Rock Slide, Earthquake and Drought provided the Block
/ Taluka concerned is declared as drought affected by the competent authority of the State
Government. The policy is also extended to cover the loss or damage caused by road/rail
vehicles and wild animals.
Period of Insurance
Seven years from the last day of the month of planting for immature plantations and in
blocks of 3 / 2 / 1 year(s) each from the 8th year onwards upto 25 years for mature
plantations.
Total Loss

Insurance is the subject matter of solicitation AICHO/14-15/1C/RUBBER
In the case of destruction of 75% of trees and above per hectare, the loss will be treated as
total and the insured will be paid compensation as per the enclosed chart for the
damaged trees. Compensation for the remaining unaffected trees in the affected holding
will be paid on production of a certificate from the Rubber Board / Surveyor certifying that
the balance 25% trees have been cut and that the entire land is ready for re-planting.

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National Agricultural Insurance Scheme

Agriculture Insurance Company of India Limited (established by Government of India) is exclusively

SOCHO BIMA FASAL KI, SOCHO HAMESHA AIC

Agriculture Insurance Company of India Ltd.

lEiUu Hkkjr dh igpku] chfer Qly] [kq ' kgky fdlku

Insurance is the subject matter of solicitation AICHO/14-15/1C/NAIS

This is for publicity purpose only; Terms & Condition apply

National Crop Insurance Programe

Weather Based Crop Insurance Scheme (WBCIS)

Agriculture Insurance Company of India Ltd.

lEiUu Hkkjr dh igpku] chfer Qly] [kq ' kgky fdlku

Insurance is the subject matter of solicitation AICHO/14-15/1C/WBCIS

This is for publicity purpose only; Terms & Condition apply

SOCHO BIMA FASAL KI, SOCHO HAMESHA AIC

National Crop Insurance Programe

MODIFIED NATIONAL AGRICULTURAL

up to 14 days after harvesting due to cyclone in coastal areas, resulting in damage to

SOCHO BIMA FASAL KI, SOCHO HAMESHA AIC

Agriculture Insurance Company of India Ltd.

lEiUu Hkkjr dh igpku] chfer Qly] [kq ' kgky fdlku

Insurance is the subject matter of solicitation AICHO/14-15/1C/MNAIS

This is for publicity purpose only; Terms & Condition apply

BIO-FUEL TREE / PLANT INSURANCE

SOCHO BIMA FASAL KI, SOCHO HAMESHA AIC

Azadirachta indica (Neem), Bassia latifolia (Mahua), Callophyllum inophyllum (Polanga)

Agriculture Insurance Company of India Ltd.

lEiUu Hkkjr dh igpku] chfer Qly] [kq ' kgky fdlku

Insurance is the subject matter of solicitation AICHO/14-15/1C/BIO-FUEL

This is for publicity purpose only; Terms & Condition apply

Loss Assessment Procedure

National Crop Insurance Programe

SOCHO BIMA FASAL KI, SOCHO HAMESHA AIC

Rs. 600 per palm

Rs. 1150 per palm

No service tax on premium

This is for publicity purpose only; Terms & Condition apply

(b) Loss certification is required as mentioned in the scheme.

Agriculture Insurance Company of India Ltd.

lEiUu Hkkjr dh igpku] chfer Qly] [kq ' kgky fdlku

Insurance is the subject matter of solicitation AICHO/14-15/1C/CPIS

(a) Loss to palm to be intimated within 7 days

RAINFALL INSURANCE SCHEME - COFFEE (RISC)

rainfall during Monsoon & Post Monsoon rainfall

Karnataka, Kerala and Tamil Nadu.

SOCHO BIMA FASAL KI, SOCHO HAMESHA AIC

Agriculture Insurance Company of India Ltd.

lEiUu Hkkjr dh igpku] chfer Qly] [kq ' kgky fdlku

Insurance is the subject matter of solicitation AICHO/14-15/1C/RISC

This is for publicity purpose only; Terms & Condition apply

RABI WEATHER INSURANCE

SOCHO BIMA FASAL KI, SOCHO HAMESHA AIC

Agriculture Insurance Company of India Ltd.

lEiUu Hkkjr dh igpku] chfer Qly] [kq ' kgky fdlku

Insurance is the subject matter of solicitation AICHO/14-15/1C/RWI

This is for publicity purpose only; Terms & Condition apply

PULPWOOD TREE INSURANCE

SOCHO BIMA FASAL KI, SOCHO HAMESHA AIC

Agriculture Insurance Company of India Ltd.

lEiUu Hkkjr dh igpku] chfer Qly] [kq ' kgky fdlku