Risk Coverage Increased in New Crop Insurance Schemes
Comprehensive coverage has been provided against non-preventable natural risks from pre-sowing to post-harvest losses. In addition, losses due to localized risks are estimated at the individual farm level for claim settlement.
Coverage of Losses due to Prevented Sowing : In 2016-17, in Tamil Nadu, claims worth Rs. 27.61 crore (upto 25% of sum insured) were settled due to prevented sowing on account of inclement weather.
25% advance relief due to mid-season adversity : In 2016-17, due to adverse climatic conditions such as floods, drought spell, severe drought, unseasonal rains etc., on account payments were made to the tune of Rs. 31.69 crore in Uttar Pradesh, Rs. 11 crore in Chhatisgarh, Rs. 11.19 crore in Maharashtra and Rs. 9.42 crore in Madhya Pradesh.
Coverage of localized claims : In 2016-17, due to localized calamities such as hailstorm, inundation and landslides, claims worth Rs. 0.11 crore in Andhra Pradesh, Rs. 0.09 crore in Chhatisgarh, Rs. 4.04 crore in Haryana, Rs. 1.55 crore in Maharashtra, Rs. 0.32 crore in Rajasthan and Rs. 0.80 crore in Uttar Pradesh were settled expeditiously before conduct of Crop Cutting Experiments.
Coverage of Post-Harvest Losses : In 2016-17, claims on this account worth Rs. 0.11 crore in Andhra Pradesh, Rs. 0.66 crore in Manipur and Rs. 16.51 crore in Rajasthan were settled.