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 unfavorable 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
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.
Who can take this policy?
- Financial Institutions
/ Companies extending credit facility for Agricultural Operations, whose repayments
are affected by yield factors.
What is covered
under this policy?
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.
- Any loss due to
prevented sowing / planting risk due to deficit rainfall or adverse seasonal conditions
- Any post harvest Losses
- 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.
HDFC ERGO shall not be liable to make any payment under the policy in
case of loss or damage to the crop because of following reasons:
- The burning of the property by order of any public authority or subterranean
- Fire during harvest due to spark originating from engine
exhaust and/or other hot machinery parts on harvesters and/or tractors
- Controllable diseases, weeds and/or controllable insect infestations
- Theft / clandestine sale of the Insured Crop
destruction of the Insured Crop
- Poor crop stand due to either
defective seed / sampling or unfavorable conditions prevailing during sowing period
- Action of birds and animals
- Acts of Terrorism Loss
- Loss occurring due to industrial pollution and /
or toxic waste
- Any loss incurred to any crop which has been
harvested prior to inspection by our loss assessor
This is a brief description of Exclusions. For detailed list, kindly contact our
toll free call centre for full policy wordings
*This content is descriptive only. Actual coverage is subject to the language of
the policies as issued.
- Land record document
(for the standing crop against which insurance is taken)
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
- Duly completed claim form
- Land records as per Government norms
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