The guidelines were issued in the wake of various complaints to the regulator in respect of crop insurance claims. According to the guidelines, the companies should designate an authorised person for each cluster, who should be a senior-level officer with sufficient decision-making powers for the smooth implementation of crop insurance.
Recent figures disclosed by authorities in West Bengal have a disturbing news pertaining to the farmers. According to a recent survey in Midnapore district, a total loss of 968,45,00000 INR (about 968 crores) has occurred this Winter season due to loss of potato crop. This accounts to 2/3rd or 60-70% of the total potato production.
A public insurance company has rejected over 14,000 claims seeking compensation for crop loss under the Pradhan Mantri Fasal Bima Yojana (PMFBY), stating on their website that 95 per cent were duplicate entries by claimants. The Oriental Insurance Company is in charge of clusters 2 and 6 that consist districts of Beed, Jalgaon, Nashik, Osmanabad, Raigad, Sangli, Satara and Solapur.
Heavy rain accompanied by hail on Wednesday flattened nearly 50% of the standing mustard crop in 300 villages of Pilibhit district. Besides, standing wheat crop in several parts of the district was also damaged. Agricultural experts and revenue officials, who made separate assessments of the damage on Thursday, said it would take a few more days to precisely calculate the quantum of actual loss on individual basis.
The drought conditions faced by the state have affected over 60 per cent of the Rabi crops this season, reports from the agriculture department have shown. The agriculture department stated that only 37 per cent of sowing activity was done this Rabi season for Pune district, while Ahmednagar and Solapur districts falling under the division have reported less than 50 per cent of sowing activity.
Northwest India is all set to experience an another episode of heavy rain and hailstorm activities. In fact, some activities have already been seen over many parts of Northwest India including Punjab, Haryana, Delhi NCR. While it may bring cheers for the common man but these rains might bring a big jolt for the farmers.
Global reinsurer Swiss Re is working on using technology to improve claim settlement in crop insurance scheme. “One example of the new technology we have brought into the country is in the agriculture sector. Satellite imaging is quite powerful these days,” said Amitabha Ray, Head of CM P&C, India, Swiss Re, India Branch.
News Publications Documents
Africa Agricultural insurance Analitics Australia Canada crop crop insurance crop loss crop losses damage drought farmers flood frost Hail India losses News Philippines rain Risk management Russia Spain Ukraine USA USA АЧС Болезни Господдержка Казахстан Страхование урожая животноводство заморозки засуха кукуруза метеообзор озимые потеря урожая пшеница свиноводство состояние посевов соя страхование посевов субсидии урожай