Workmen's Compensation Insurance Policy

Rainfall Index Insurance

  • Introduction
  • What’s not covered?
  • Why Choose HDFC ERGO?

Rainfall Index Insurance

In India, farming communities suffer high losses year after year due to weather vagaries. Lack of irrigation facilities and non-availability of modern farming techniques, further compound this problem. This impairs access to rural credit as well. Farmers find they are unable and to some extent unwilling to pay interest on their crop loans in a drought year and seek to reschedule principal repayments. Weather risk also affects the input providers by increasing the volatility in their business volumes and consequently affecting the profits of the business. HDFC ERGO offers a comprehensive Rainfall Index Insurance Policy which is a mechanism for providing effective risk management aid to those individuals and institutions likely to be impacted by adverse rainfall incidence at an affordable cost. This Policy is available to farming communities having farm incomes from cultivable area and who may get adversely affected on account of a Rainfall Deficit. They should be Members (in groups) of Micro Finance Institutions, Non Government Organisations, Government Sponsored Organisations and such affinity groups / institutions in rural and social sector.

Diminished agricultural output/yield
Covers the diminished agricultural output/yield resulting from a shortfall in the anticipated normal rainfall within a specific geographical location and specified time period.
Transfer risks
Rainfall Insurance can transfer rainfall related risks faced by Indian farming community for food grain and plantation crops, to the global weather markets Know More...
Easy claims
Rainfall insurance can facilitate immediate and transparent claim settlement to the insured farming communities

What’s Not Covered?

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Other loss

To reimburse any expenses or indemnify any loss, howsoever caused, other than on account of a Rainfall Deficit even if such loss results in diminished agricultural output/yield of the Specified Crop cultivated on the Specified Area.

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Differential Rainfall

In the event the Actual Total Rainfall Index is greater than the Normal Rainfall Index.

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Excess water irrigated

In relation to a Farmer in the event of Rainfall Deficit if the Specified Area identified with the said Farmer is irrigated or has access to water from natural or man made sources including rivers, ponds, wells, watercourses, lakes, tanks, canals, etc.

Why HDFC ERGO?

Secured Over 1 Crore+ Smiles!

Trust redefines relations at HDFC ERGO. We consistently strive to make insurance easier, more affordable and more dependable. Here promises are kept, claims are fulfilled and lives are nurtured with utmost commitment.
Why HDFC ERGO?

All the support you need 24x7

We understand that in times of distress, instant help is the need of the hour. Our In-house claims team provides round the clock support to ensure hassle-free claim experience. We ensure to be your constant support system in times of need.
Why HDFC ERGO?

Catering customer needs

Since, last 16 years, we have been catering to endless customer requirements endlessly. By providing wide range of plans for every portfolio.
Why HDFC ERGO?

Transparency at its best

HDFC ERGO General Insurance claims are settled with utmost transparency and ease.
Why HDFC ERGO?

Awards

We have received the ICAI Award of the Year and excellence in financial reporting for the year FY: 18-19.
Why HDFC ERGO?

Secured Over 1 Crore+ Smiles

Trust redefines relations at HDFC ERGO. We consistently strive to make insurance easier, more affordable and more dependable. Here promises are kept, claims are fulfilled and lives are nurtured with utmost commitment.

All the support you need-24x7

We understand that in times of distress, instant help is the need of the hour. Our In-house claims team provides round the clock support to ensure hassle-free claim experience. We ensure to be your constant support system in times of need.

Catering customer needs

Since, last 16 years, we have been catering to endless customer requirements endlessly. By providing wide range of plans for every portfolio.

Transparency at its best

HDFC ERGO General Insurance claims are settled with utmost transparency and ease.

Awards

We have received the ICAI Award of the Year and excellence in financial reporting for the year FY:18-19.
Awards & Recognition
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