Agriculture Crop Insurance
Secure Your Farm. Safeguard Your Future
At CoverBee, we understand that a farmer’s livelihood is deeply dependent on nature—and nature is unpredictable. Agriculture Crop Insurance is designed to provide financial protection to farmers against losses due to natural calamities, pests, or diseases. It’s a safety net that ensures your hard work doesn’t go in vain.
With government-backed schemes and affordable premium options, CoverBee helps Indian farmers access crop insurance with ease, transparency, and peace of mind.
What is Agriculture Crop Insurance?
Agriculture Crop Insurance is a risk management tool that protects farmers from financial loss arising due to:
- Natural calamities like droughts, floods, cyclones, hailstorms
- Pests and plant diseases
- Crop failure due to adverse weather or unforeseen events
Under this scheme, farmers are compensated for the loss of crop yield or quality, ensuring that they can recover and prepare for the next planting season.
Benefits of Crop Insurance with CoverBee
- Financial stability in case of crop failure
- Helps repay crop loans and avoid farmer indebtedness
- Increases creditworthiness for future financing
- Peace of mind to focus on better yield without fear of loss
- Access to government schemes like PMFBY (Pradhan Mantri Fasal Bima Yojana)
Types of Crop Insurance
PMFBY (Pradhan Mantri Fasal Bima Yojana)
Flagship government scheme that offers low premiums and comprehensive coverage.
Weather-Based Crop Insurance Scheme (WBCIS)
Covers crop losses due to deviation in weather parameters like rainfall, temperature, humidity, etc.
Localized Calamity Coverage
Covers specific events like landslides, hailstorms, or floods in defined regions.
Post-Harvest Loss Coverage
Protects against losses due to cyclones or rainfall occurring immediately after harvest.
Agriculture Crop Insurance FAQs
It’s mandatory for farmers who take crop loans from banks. Voluntary for others.
Enrollment deadlines are announced before each crop season (Kharif and Rabi). CoverBee helps you meet them in time.
- Aadhaar card
- Bank passbook
- Land ownership or cultivation proof
- Sowing certificate (in some cases)
- Loan documents (for loanee farmers)
All major cereals, pulses, oilseeds, and select commercial/horticultural crops are covered.
It is based on the scale of finance (loan) or average crop yield multiplied by the minimum support price (MSP).
You can still apply with valid proof of cultivation or tenancy. CoverBee helps with documentation.
Losses are assessed based on area yield estimation or weather data, depending on the scheme. Satellite imagery and field surveys may also be used.