Agriculture Crop Insurance PolicyAgriculture Crop Insurance Policy

Agriculture Crop Insurance Policy

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

Agriculture Crop Insurance Policy

 

Agriculture sector is demographically the most significant and broadest economic sector in India. Even a marginal dip in the agricultural production has trickled down effect on the whole economy. The variation in production is directly affected by many unfavourable conditions such as pest attacks, variations in weather conditions such as rainfall, temperature, humidity, etc. Thus, the need of the hour is to secure the yield and yield-based losses.

Therefore, HDFC ERGO is offering a comprehensive Yield-based Crop Insurance Policy along with weather insurance which is aimed at covering the production risks faced by the agricultural sector. This policy covers any shortfall in yield resulting due to Natural Fire and lightning, Storm, Hailstorm, cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood, Inundation, Landslide, Drought, Dry spells, Pests/ Diseases, etc.

What’s covered?

Death of cattleDeath of cattle

Any shortfall in yield resulting due to Natural Fire and lightning, Storm, Hailstorm, cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood, Inundation, Landslide, Drought, Dry spells, Pests/ Diseases, etc.

What’s not covered?

What’s not covered?

The burning of the property by order of any public authority or subterranean fire

What’s not covered?

Fire during harvest due to spark originating from engine exhaust and/or other hot machinery parts on harvesters and/or tractors

What’s not covered?

Controllable diseases, weeds and/or controllable insect infestations

What’s not covered?

Theft / clandestine sale of the Insured Crop

What’s not covered?

Poor crop stand due to either defective seed / sampling or unfavourable conditions prevailing during sowing period.

What’s not covered?

Crops destroyed due to the action of birds and animals.

What’s not covered?

Acts of Terrorism Loss or damage

What’s not covered?

Loss occurring due to industrial pollution and / or toxic waste

What’s not covered?

Any loss incurred to any crop which has been harvested prior to inspection by our loss assessor.

Who can take this policy?
  • Farmers
  • Banks
  • Financial institutions / companies extending credit facility for agricultural operations, whose repayments are affected by yield factor.
What is covered under this policy?

Any shortfall in yield resulting due to Natural Fire and lightning, Storm, Hailstorm, cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood, Inundation, Landslide, Drought, Dry spells, Pests/ Diseases, etc.

Premium

Premium chargeable depends on various factors such as the type of crop, location, historical yield data, calamity years in the specified area and the indemnity level of yield crop.

Documents required for purchasing an Insurance Policy
  • Land record document (for the standing crop against which insurance is taken)
  • Photo ID proof
Claim Process

The claims under this policy will be estimated with the help of crop cutting experiment done in the insured area

Individual assessment will be done in the insured area for ascertaining loss at pre-sowing and post harvest stages.

In case of claim under this policy, please contact HDFC ERGO General Insurance Company Limited on Toll free no: 1800-2-700-700 (Accessible from India only)

Or write a letter to Claim Manager 6th floor, Leela Business Park, Andheri Kurla Road, Andheri (East), Mumbai, Pin- 400059

Claim documents required:

Duly completed claim form

Land records as per Government norms

Certificate from certifying agency nominated by Government or authorized by the Company

Other than Government subsidized scheme, two photographs of damaged or loss incurred area of insured Crop which shows the loss under the policy

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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