India - Insurance companies accelerate pay-outs on crop loss

14.01.2022 1356 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

02.11.2026

Philippines - DA-11 urges farmers to report crop damage promptly, file PCIC claims

The Department of Agriculture in Davao Region (DA-11) urged farmers affected by El Niño to immediately report damage to their insured crops and coordinate with the Philippine Crop Insurance Corporation (PCIC) to facilitate the processing of insurance claims.

02.11.2026

Canada - Okanagan smoke taint exposes gap in BC crop insurance as losses compound

Coverage based on “probable yield” shrinks after back-to-back climate losses, leaving vineyards underinsured.

02.11.2026

Chile declares agricultural emergency in 14 communes in Maule Region

Measure will trigger support mechanisms for growers and residents affected by recent heavy rainfall, hailstorms, and strong winds.

02.11.2026

Philippines - PCIC strengthens farmers’ protection against climate risks through agricultural insurance

Farmers and fisherfolk play a vital role in sustaining the country’s food supply, but increasingly unpredictable weather conditions continue to threaten their livelihoods, agricultural production, and household income. 

02.11.2026

India - Maharashtra Crop Loss Memorandum Exposes a Rural Crisis Beyond Kharif

Maharashtra’s crop loss memorandum to the Centre is being prepared after an assessment covering nearly three crore panchanama site visits, a scale that exposes both the geographical spread of the drought and the administrative difficulty of measuring it. 

02.11.2026

Vietnam's Kinh Mon region advances winter onion and garlic planting

Farmers in Vietnam's Kinh Mon growing region are completing winter onion and garlic planting following the rice and summer-autumn harvests. Dry weather has supported land preparation and planting schedules.

01.11.2026

India - e-KYC must for crop insurance claims on cyclone-hit crops

AP Agriculture Department Director Dr. Manazir Jeelani Samoon makes e-KYC verification mandatory for e-Crop booking to claim Cyclone Arnab crop insurance.

01.11.2026

India - SBI General Insurance Rolls Out ‘Meri Policy Mere Haath’ Campaign Across Nine States for Kharif 2026

SBI General Insurance will participate in the Government of India’s ‘Meri Policy Mere Haath’ (MPMH) campaign for Kharif 2026, aimed at ensuring the direct distribution of crop insurance policy documents to farmers and strengthening awareness about the Pradhan Mantri Fasal Bima Yojana (PMFBY).