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Customer Self ServicesCrop Insurance: Agri Insurance, Pradhan Mantri Fasal Bima Yojana (PMFBY) Online | Chola MS
Pradhan Mantri Fasal Bima Yojana
Chola MS has been one of the pioneers in the Crop Insurance domain offering coverage against Agriculture Risks right from 2011 in the form of offering the erstwhile MNAIS ( Modified National Agriculture Insurance Scheme) and the WBCIS ( Weather Based Crop Insurance Scheme) schemes which preceded the PMFBY - Pradhan mantri Fasal Bima Yojana
At Chola MS, we recognize that agriculture forms a big part of the socio-economic fabric of our nation. We firmly believe that contributing towards the development and benefit of our rural friends is our social responsibility. Policies that are specific and customised according to their requirements, makes protection of their agricultural assets easy and convenient. And this is why we are proud to have the Pradhan Mantri Fasal Bima Yojana (PMFBY) in our portfolio of offerings.
Pradhan Mantri Fby Frequent Asked Question
The PMFBY was launched in 2016 and replaces all the prevailing yield insurance schemes in India. The scheme has been launched with an aim to give an impetus to the rural sector. The scheme has extended coverage under localized risks, post-harvest losses etc. and aims at adoption of technology for the purpose of yield estimation. Through increased farmer awareness and low farmer premium rates the scheme aims at increasing the crop insurance penetration in India.
Pradhan Mantri Fasal Bima Yojana (PMFBY) aims at supporting sustainable production in agriculture sector by way of –
- Providing financial support to farmers suffering crop loss/damage arising out of unforeseen events
- Stabilizing the income of farmers to ensure their continuance in farming
- Encouraging farmers to adopt innovative and modern agricultural practices
- Ensuring flow of credit to the agriculture sector; which will contribute to food security, crop diversification and enhancing growth and competitiveness of agriculture sector besides protecting farmers from production risks.
All farmers including sharecroppers and tenant farmers growing the notified crops in the notified areas are eligible for coverage. However, farmers should have insurable interest for the notified/insured crops.
Loanee Farmers: The Scheme is optional for all farmers including farmers who have been sanctioned short-term SAO (Seasonal Agricultural Operations) loan or KCC ( Kisan Credit Card) loan for the notified crops from the defined Financial Institutions or FIS.
Non-Loanee farmers: Voluntary for other/non-loanee farmers who have insurable interest in the notified crops.
Loanee farmers are all farmers who have been sanctioned short-term Seasonal Agricultural Operations (SAO) loans/Kisan Credit Card (KCC) for the notified crops from defined FIs. Existing Loanee farmers who do not want to get covered under the scheme have the option of opting-out from the Schemes by submitting requisite declaration to loan sanctioning bank branches . Non Loanee Farmers are those Farmers who have not availed any loan as referred above.
The non-loanee farmers are required to submit necessary documentary evidence of land records prevailing in the State (Records of Right (RoR), Land possession Certificate (LPC) etc.) and/ or applicable contract/ agreement details/ other documents notified/ permitted by concerned State Govt. in case of sharecroppers/tenant farmers and the same is defined by the respective States in the notification itself.
Sum Insured per hectare for both loanee and non-loanee farmers will be same and equal to the Scale of Finance as decided by the DLTC/SLTC, and would be pre-declared by SLCCCI and notified. No other calculation of Scale of Finance will be applicable. Sum Insured for individual farmer is equal to the SOF per hectare multiplied by area of the notified crop proposed by the farmer for insurance.
Coverage
Crop Coverage
All Food Crops (Cereals, Millets, and Pulses), Oil seeds, Annual Commercial/Horticulture Crops.
Farmer Coverage
- Loanee : All farmers availing Seasonal Agricultural Operations (SAO) loans from Financial Institutions (i.e. loanee farmers) for the notified crop(s) are eligible to covered under the Scheme.
- Non-loanee : All farmers including sharecroppers and tenant farmers growing the notified crops in the notified areas are eligible for coverage, however scheme is voluntary for Non-loanee farmers
Risk Coverage
Following stages of the crop and risks leading to crop loss are covered under the scheme.
- Prevented Sowing/ Planting Risk: Insured area is prevented from sowing/ planting due to deficit rainfall or adverse seasonal conditions
- Standing Crop (Sowing to Harvesting): Comprehensive risk insurance is provided to cover yield losses due to non- preventable risks, viz. Drought, Dry spells, Flood, Inundation, Pests and Diseases, Landslides, Natural Fire and Lightening, Storm, Hailstorm, Cyclone, Typhoon, Tempest, Hurricane and Tornado.
- Post-Harvest Losses: coverage is available only up to a maximum period of two weeks from harvesting for those crops which are allowed to dry in cut and spread condition in the field after harvesting against specific perils of cyclone and cyclonic rains and unseasonal rains.
- Localized Calamities: Loss/ damage resulting from occurrence of identified localized risks of hailstorm, landslide, and Inundation affecting isolated farms in the notified area.
- General Exclusions: Losses arising out of war and nuclear risks, malicious damage and other preventable risks shall be excluded.
Stake holders
Farmers, Banks, Authorised Intermediaries,State Government & Central Government, Insurance Companies etc.
Low Farmer Premium Rates
Farmers, Banks, State Government & Central Government, Insurance Companies etc.
| R.No. | Season | Crops | Maximum Insurance Charges Payable by Farmers (% of Sum Insured) |
|---|---|---|---|
| 1 | Kharif | All food grain and Oil seeds crops (all Cereals, Millets, Pulses andOil seeds crops) | 2.0% of SI or Actuarial rate, whichever is less |
| 2 | Rabi | All food grain and Oil seeds crops (all Cereals, Millets, Pulses andOil seeds crops) | 1.5% of SI or Actuarial rate, whichever is less |
| 3 | Kharif & Rabi | Annual Commercial/ Annual Horticultural crops | 5% of SI or Actuarial rate, whichever is less |
Farmers can calculate the premium using the premium calculator tool of PMFBY portal.
Use of Technology
The new scheme envisages many new things such as utilizing innovative technologies like satellite imagery, vegetation indices etc. coupled with the mandatory usage of smart phones / hand held devices for increasing the speed and accuracy during yield estimation. In order to minimize the area discrepancy in coverage, the scheme also promotes the digitization of land records.
Increased Farmer Awareness
Efforts are being made to increase the awareness amongst farmers regarding PMFBY so that maximum number of farmers can enroll and avail benefits of the scheme.
Better Coverage
Pradhan Mantri Fasal Bima Yojana (PMFBY) aims at covering the losses suffered by farmers due to reduction in crop yield as estimated by the local appropriate government authorities. The scheme also covers pre sowing losses, post-harvest losses due to cyclonic rains and losses due to unseasonal rainfall in India. There is a provision to cover losses due to localized calamities such as inundation also in addition to the previously covered hailstorm and landslide risks
Claim Process
For any losses arising out of a Localised Calamity or a Post-harvest Loss as described above, It is essential for farmers/designated agencies within 72 hours of the event with the survey number wise insured crop, acreage affected and the premium payment verification details . These claims will be assessed on an individual insured farm level basis
The Farmers can reach out to us via the Kisan Rakshak Helpline 14447 or use the NCIP app to intimate the losses within 72 hours of the event taking place. The farmers can also reach out to the District Agriculture Office and our representative would be intimated accordingly by the DAO office. Farmers may also reach out to their respective Banks for this purpose.
What is RWBCIS Policy?
Government has introduced yield based Pradhan Mantri Fasal Bima Yojana (PMFBY) and weather index based Restructured Weather Based Crop Insurance Scheme (RWBCIS) from Kharif 2016 to provide financial support to farmers suffering crop loss/damage due to natural calamities/adverse weather conditions, to stabilize the income of farmers etc. The contours of RWBCIS policy are similar to PMFBY however payout is calculated using the weather parameters.
Chola MS General Insurance in PMFBY/RWBCIS Policies
Season Wise – State Wise:
| Season | PMFBY | RWBCIS |
|---|---|---|
| Kharif 2024 | Maharashtra | |
| Kharif 2023 | Maharashtra | |
| Rabi 2023-24 | Maharashtra | |
| Kharif 2018 | Orissa | MP |
| Tamilnadu | ||
| Rabi 18-19 | Orissa | MP |
| Tamilnadu | ||
| Kharif 2017 | Bihar | MP |
| Orissa | ||
| Telangana | Telangana | |
| Rabi 2017-18 | MP |
Historical data
PMFBY:
| Season | State / UT | No.of Farmers Insured | Total Claims | Claim Paid | Claims Outstanding |
|---|---|---|---|---|---|
| Kharif 2016 | Bihar | 126858 | 3369 | 3369 | 0 |
| Kharif 2016 | West Bengal | 1087277 | 5054 | 4930 | 124* |
| Rabi 2016-17 | Odisha | 5358 | 19 | 19 | 0 |
| Rabi 2016-17 | Rajasthan | 278208 | 3447 | 3447 | 0 |
| Rabi 2016-17 | Telangana | 197503 | 1221 | 1221 | 0 |
| Kharif 2017 | Bihar | 213797 | 6019 | 6019 | 0 |
| Kharif 2017 | Odisha | 400791 | 29502 | 29502 | 0 |
| Kharif 2017 | Telangana | 311371 | 8959 | 8959 | 0 |
Fig in Rs Lac
*The claim is pending due to unavailability of correct NEFT details of beneficiaries
**The details are as on 31st Dec 2018
RWBCIS:
| Season | State / UT | No.of Farmers Insured | Total Claims | Claim Paid | Claims Outstanding |
|---|---|---|---|---|---|
| Kharif 2016 | Himachal Pradesh | 1086 | 18 | 18 | 0 |
| Kharif 2016 | Madhya Pradesh | 1431 | 29 | 29 | 0 |
| Kharif 2016 | Uttarakhand | 25594 | 599 | 599 | 0 |
| Rabi 2016-17 | Madhya Pradesh | 24846 | 539 | 539 | 0 |
| Rabi 2016-17 | Telangana | 376 | 24 | 24 | 0 |
| Kharif 2017 | Madhya Pradesh | 658 | 83 | 83 | 0 |
| Rabi 2016-17 | Telangana | 57792 | 6900 | 6900 | 0 |
Fig in Rs Lac
Portal Training Rabi2018-2019
Awareness Activities Rabi2018-2019
Maharashtra – PMFBY -Kharif 2023 to Rabi 2025-26
Chola MS is implementing the yield based PMFBY Crop nsurance Scheme in cluster 6 of Maharashtra State consisting of districts - Chhatrapati Sambaji Nagar ( Aurangabad), Bhandara, Palghar and Raigad.
Under this scheme implemented in the State, farmers have to register/insure on the NCIP portal by paying only Rs.1/- per application. The insurance premium rate per hectare is fixed under this scheme and the insurance premium amount to be paid by the farmer is Rs.1/Application only and the remaining difference farmer premium amount will be paid by the state government as farmer premium subsidy component.
District- Chhatrapati Sambaji Nagar (Aurangabad) | |||
Crop | SI Insured Per Hectare(Rs) | Farmer share of premium/Ha. | Premium Payable by Farmer |
Jowar | 31050 | 621 | Rs 1 |
Bajara | 27600 | 552 | Rs 1 |
Soyabean | 56350 | 1127 | Rs 1 |
Green Gram (Moong) | 24150 | 483 | Rs 1 |
Black Gram(Udid) | 24150 | 483 | Rs 1 |
Red Gram (Tur) | 36802 | 736 | Rs 1 |
Cotton (Kapus) | 59800 | 2990 | Rs 1 |
Onion | 81422 | 4071 | Rs 1 |
Maize | 35598 | 712 | Rs 1 |
District- Bhandara | |||
Crop | SI Insured Per Hectare(Rs) | Farmer share of premium/Ha. | Premium Payable by Farmer |
Paddy | 48125 | 962.5 | Rs 1 |
Soyabean | 31250 | 625 | Rs 1 |
District- Palghar | |||
Crop | SI Insured Per Hectare(Rs) | Farmer share of premium/Ha. | Premium Payable by Farmer |
Paddy | 51760 | 1035.2 | Rs 1 |
Black Gram (Udid) | 25000 | 500 | Rs 1 |
Finger millet (Nachni) | 20000 | 400 | Rs 1 |
District- Raigarh | |||
Crop | SI Insured Per Hectare(Rs) | Farmer share of premium/Ha. | Premium Payable by Farmer |
Paddy | 51760 | 1035.2 | Rs 1 |
Finger millet (Nachni) | 20000 | 400 | Rs 1 |