India - Insurance companies accelerate pay-outs on crop loss

14.01.2022 1007 views

Following repeated reminders from the office of the Agriculture Commissioner, insurance companies have settled the majority of crop loss claims in the state. To date, 44.26 lakh farmers in the state have received Rs 2,501.66 crore in way of compensation for crop loss earlier in the season.

Notwithstanding the timely onset of the monsoon, farmers in the state had to face heavy rain damaging their crop in some areas. Similarly, extremely heavy rain during the withdrawal phase of the monsoon had seen farmers reporting crop loss in many areas. Cultivators in Marathwada, Konkan, Vidarbha and North Maharashtra region suffered maximum damage. A total of 47.65 lakh farmers in the state had filed claims worth Rs 2, 512.81 crore.

While claims were submitted on time, insurance companies delayed settling the same. Farmer organisations like the Kisan Sabha had led numerous agitations for the early settling of the claims.

Agriculture Commissioner Dheeraj Kumar had issued repeated notices to the insurers, warning them of action in case the claims were not settled soon.

Insurance companies had blamed the delay in joint survey and non-payment of the state government’s share as reasons behind the late settlement of claims. Over the past few seasons, claims for crop loss have seen an increase given the frequent incidents of unseasonal rains. The insurers have claimed that the business was loss-making for them. However, there is rising demand for a relook into the whole scheme as the insurance companies had made record profit in good seasons.

According to the latest figures of the 37.35 lakh farmers, who had filed claims of crop loss, 33.99 lakh have received their payment. Of the total Rs 2,278.52 crore claim amount, Rs 2082.40 crore has been paid to the farmers. Officials of the Agriculture Commissionerate said that three companies now have major pending claims and they are expected to be cleared in the next few days.

Nearly 11.30 lakh farmers had filed claims for mid-season adversity (unseasonal rains in the middle of the season mostly in September-October). The total claims filed were around Rs 430.41 crore. In this category, 10.27 lakh farmers have received Rs 419.26 crore by way of compensation.

Source - https://indianexpress.com

29.03.2026

Nigeria - NiMet Partners Rex For Weather Insurance To Farmers

The Nigerian Meteorological Agency (NiMet) has partnered with REX Insurance to provide weather-based insurance solutions designed to help Nigerian farmers safeguard their livelihoods against climate-related losses.

29.03.2026

India - Sirsa farmers seek insurance payouts, procurement probe

Farmers in the district have raised concerns over unpaid crop insurance claims, delayed compensation and alleged irregularities in rice procurement. 

29.03.2026

ILO Training in Uzbekistan Equips Farmers to Strengthen Cotton Farming and Labour Compliance

A central theme of the training was the promotion of labour rights and occupational safety, particularly critical in labour-intensive cotton farming.

29.03.2026

India - Yogi Adityanath Directs Prompt Crop Loss Survey and Timely Compensation for Farmers

On Friday chief minister Yogi Adityanath ordered the relevant authorities to conduct an instant survey to determine the extent of damage on crops due to unseasonal rain and to provide compensation to those harmed farmers as early as possible.

29.03.2026

Philippines - PCIC releases nearly ₱197K to Puerto Princesa farmers hit by Typhoon Tino

Thirty-three farmers in Puerto Princesa City received a total of PHP 196,996.70 in insurance claims from the Philippine Crop Insurance Corporation (PCIC) for losses caused by Typhoon Tino.

29.03.2026

Australia - Cyclone Narelle destroys WA banana crops, Carnarvon growers hit hard

Fruit and vegetable producers in one of Western Australia's key food growing regions are counting the cost of Cyclone Narelle, with one banana grower reporting more than 80 per cent of his crop has been destroyed.

26.03.2026

USA - Government Payments and Crop Insurance Strengthen 2026 Outlook for Farmers

Before the start of the Iran conflict, 2026 farm economics was shaping up to be in a better position than 2025. 

26.03.2026

USA - Hawai‘i Farmers Confront $11M In Flood Damage Without A Safety Net

Crop insurance is hard to attain in Hawaiʻi, and federal programs are tailored to mainland agriculture.