HDFC ERGO launches weather insurance for Maharashtra farmers
Moneylife Digital Team 16 June 2012

Weather Based Crop Insurance Scheme offers insurance cover to the farmers against losses caused by aberrant weather conditions during the crop cycle

HDFC ERGO GIC Ltd has been allowed by Government of Maharashtra to implement pilot Weather Based Crop Insurance Scheme (WBCIS) for loanee and non loanee farmers for mrig bahar in kharif 2012.

According to a press release from the insurer, the crops to be covered this season include orange in Akola and Buldhana, guava in Jalna and Buldhana and sweet lime in Aurangabad, Jalna, Nanded, Parbhani, Beed and Buldhana Districts.

WBCIS offers insurance cover to the farmers against losses caused by aberrant weather conditions during the crop cycle. Claim amount will be settled on the basis of data taken from reference weather stations as mentioned in the scheme and managed by independent third party organization.

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