Crop Insurance Policy by HDFC Ergo

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 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 losses.

HDFC ERGO crop insurance 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.

Policy Beneficiary
- Farmers
- Banks
- Financial Institutions / Companies extending credit facility for Agricultural Operations, whose repayments are affected by yield factors. 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.

For More Information, visit: https://www.hdfcergo.com/

Source: HDFC ERGO