Prevented Sowing/Planting Risk
A farmer is eligible for a cover up to 25% of the SI (Sum Insured) on account of prevented sowing/ planting due to deficit rainfall or adverse seasonal conditions. This is applicable for the cases where the farmer had every intention to sow/ plant and had incurred expenditure for the same.
Standing Crop (Sowing to Harvesting)
Comprehensive risk insurance is provided to cover yield losses due to non- preventable risks e.g. natural fire and lightning, storm, tempest, cyclone, drought/dry spell, pests and diseases.
This coverage is available up to a maximum period of two weeks from harvesting, and is applicable for those crops which are allowed to dry in 'cut and spread' condition in the field after harvesting. The coverage is available against specific perils of cyclone, cyclonic rains and unseasonal rains.
Loss/damage resulting from occurrence of identified localized risks of hailstorm, landslide and inundation affecting isolated farms in the notified area.
The Actuarial Premium Rate (APR) is charged under PMFBY. This rate is applied on the Sum Insured. The maximum premium rate payable by the farmers under this scheme is determined using the following table:
|Season||Crops||Maximum insurance charges payable by farmer|
|Kharif||All food grains and oilseed crops||2% of Sum Insured|
|Rabi||All food grains and oilseed crops||1.5% of Sum Insured|
|Kharif and Rabi||Annual Commercial / Annual Horticultural crops
Perennial Horticultural Crops (Pilot Basis)
|5% of Sum Insured|
Remaining premium will be paid equally by the State and Central Government.
The claim process for Pradhan Mantri Bima Yojana with us, at Bajaj Allianz, is quick and easy.
There is no need for the insured farmer to intimate the insurance company losses due to prevented sowing, as this will be a widespread calamity and assessment is based on area approach. This benefit is triggered when majority of farmers are unable to sow their crop because of weather conditions. The details are as below:
This cover pays for the shortage in yield of the insured crop compared to Threshold Yield (TY) on area approach.
This cover is to provide immediate relief to farmers in case of any widespread calamity or adverse season, wherein the expected yield during the season is likely to be less than 50% of normal yield.
CLAIMS SETTLEMENT SUMMARY AS ON DATE : 10TH AUGUST 2019
||Claims Paid (In Cr.)|
|FY 2016-17||FY 2017-18||FY 2018-19|
|ANDHRA PRADESH||570.35||-||Yield data and state/central subsidy pending.|
|CHHATTISGARH||17.59||48.79||184.44 (State/central subsidy pending under RWBCIS)|
|RAJASTHAN||-||705.49||7.10 (Remaining state/central subsidy pending)|
|TELANGANA||54.74||5.46||State/central subsidy pending|
In the financial year 2016-17, we have implemented PMFBY in the states of Bihar, Chhattisgarh, Haryana and Telangana covering approximately 12.38 lakh farmers.
In the financial year 2017-18, we have implemented PMFBY in the states of Chhattisgarh, Haryana, Uttar Pradesh, Rajasthan and Telangana covering approximately 50 lakh farmers.
For the current year we are implementing the PMFBY in the states of Chhattisgarh, Jharkhand, and Uttar Pradesh. We are also implementing Restructured Weather Based Crop Insurance Scheme for Horticulture crops in the State of Rajasthan.
Click here for the list of States and Districts serviced by us for Kharif and Rabi 2019.
|No. of Farmers Insured||16,21,058||23,33,666||12,30,916|
|No. of Farmers Insured||16,21,058||23,33,666||12,30,916|
Click here for the farmers application status for Rabi 2018 - Maharashtra. Please contact your nearest CSC for uploading pending documents (if any). There are 6191 queried applications
In case of any grievances related to PMFBY, you may reach us on 1800-209-5959, or alternatively write to us on the below ID's:
Mr Vivek Lalan, Assistant Vice President - Agri Business,
Mr Subhasheesh Rawat, Zonal Manager & Central Liaison - Agri Business,
Click here for details of our District Officers.
For any grievance you can reach out to:
|Mr Subhasheesh Rawat
Zonal Manager & Central Liaison - Agri Business,
|Mr Anupam Shrey
Telangana & Andhra Pradesh
This year there was immense hailstorm, but thankfully I am covered with Pradhan Mantri Fasal Bima Yojna and BAGIC did a brilliant job in paying my claims. It was settled in a quick and hassle free manner directly in my bank account.
BAGIC imparted a lot of awareness to farmers via Street Plays on the importance of Crop Insurance. I am extremely thankful to our Prime Minister and BAGIC advisors for spreading such awareness. It is indeed a noble deed.
BAGIC is doing a noble job making farmers like us aware of Pradhan Mantri Fasal Bima Yojna without which we could have suffered immensely owing to this year's hailstorm. The way the claim amount was credited directly into my bank account.
Under the PMFBY and RWBCIS scheme, both Loanee and Non-Loanee farmers can be insured.
Loanee farmers are compulsorily insured through the banks from where they avail their crop loan. Non-Loanee farmers can insure their crop either by visiting CSC centres or offices of insurance companies. Farmers can also approach banks or agents & brokers of insurance companies, or online on the farmer portal as well.
Following crops are insured under this scheme:
Food crops (Cereals, Millets, Pulses)
Annual Commercial/ Annual Horticultural crops
For additional information you click here:https://pmfby.gov.in/faq
I hereby authorize Bajaj Allianz General Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back at a convenient time. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) under either Fully or Partially Blocked category, any call made or SMS sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business. Furthermore, I understand that these calls will be recorded & monitored for quality & training purposes, and may be made available to me if required.
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