The Pradhan Mantri Fasal Bima Yojna (PMFBY) was introduced on 14th January 2016, in a move aimed at reducing agricultural distress and farmer’s welfare without having to affect hefty hikes in the Minimum Support Prices (MSP) of agricultural products prices due to Monsoon fluctuations induced risks. The PMFBY Scheme operates on the basis of ‘Area Approach’ i.e., Defined Areas for each notified crop for widespread calamities.
Product UIN- IRDAN108P0001V01 201617
Toll Free Number- 1800-209-3536
e-mail : email@example.com
PAN India- CropClaimIntimation@tataaig.com
Click here for policy wording of Pradhan Mantri Fasal Bima Yojana
Click here for Operational Guidelines of PMFBY
For Operational Guidelines of PMFBY, please visit https://pmfby.gov.in/guidelines
For more information and to buy Crop Insurance, visit Govt. of India website of Pradhan Mantri Fasal Bima Yojana- https://pmfby.gov.in/
Coverage of Risks and Exclusions
Following stages of the crop risks leading to crop loss are covered under the Scheme.
- Prevented Sowing/Planting/Germination Risk:
Insured area is prevented from sowing/ planting/germination due to deficit rainfall or adverse weather conditions.
- Standing Crop:
Comprehensive risk insurance is provided to cover yield losses due to non-preventable risks, viz. Drought, Dry spell, Flood, Inundation, Pests and Diseases, Landslides, Fire due to natural causes , Lightening, Storm, Hailstorm and Cyclone
- Post-Harvest Losses:
Coverage is available only upto a maximum period of two weeks from harvesting, for those crops which are required to be dried in cut and spread condition in the field after harvesting against specific perils of cyclone, cyclonic rains and unseasonal rains.
- Localized Calamities
Loss/damage to notified insured crops resulting from occurrence of identified localized risks of hailstorm, landslide, inundation, cloud burst and natural fire due to lightening affecting isolated farms in the notified area.
- All farmers having been sanctioned Seasonal Agricultural Operations (SAO) loans from Financial Institutions (i.e. loanee farmers) for the notified crop(s) season would be covered compulsorily.
- The Scheme is optional for non-loanee farmers.
Premium Rates and Premium Subsidy
Premium rate is subsidized by Centre & State Govt. Farmer pays a very small fixed premium rate as per table below-
Maximum Premium payable by farmer (% of Sum Insured)*
All food grain and Oilseeds crops (all Cereals, Millets, Pulses and Oilseeds crops)
2.0% of SI or Actuarial rate, whichever is less
All food grain and Oilseeds crops (all Cereals Millets, Pulses and Oilseeds crops)
1.5% of SI or Actuarial rate, whichever is less
Kharif and Rabi
Annual Commercial/ Annual Horticultural crops
5% of SI or Actuarial rate, whichever is less
Technology Uses & Farmer Awareness
In an endeavor to integrate Technology in implementation and execution of the Scheme, the Govt. of India has designed and developed a National Crop Insurance Portal. States Govt and Insurance companies are using technology, such as satellite and UAV remote sensing, for various applications such as resolution of area discrepancy and yield disputes and also promote the use of remote sensing and other related technology for Crop Cutting Experiment planning, Yield estimation, loss assessment, assessment of prevented sowing and clustering of districts.
TATA AIG is also utilizing technology in detecting and reducing farmer frauds through remote sensing based plot level crop mapping and regular on field crop monitoring which is helping in building a knowledge base about the PMFBY risk elements.
Increased Farmer Awareness
TATA AIG has been working towards employing innovative ways of creating awareness about Pradhan Mantri Fasal Bima Yojana so that increased number of farmers can be enrolled and get the benefits of the scheme.
Some of the activities include- displaying banners, Posters, wall paintings in villages ,Movie on wheels displaying benefits of PMFBY, newspaper advertisements, etc.
No. of Farmers Insured
Paid Claims (Lakhs)