Crop and Agricultural Insurance provides financial protection to farmers against losses caused by natural calamities, pests, diseases, or other unforeseen events that affect crop yield. It ensures stability and support for farmers, helping them sustain their livelihood despite adverse conditions.
• Loss or damage to crops due to natural disasters like drought, flood, hail, or storms
• Coverage against pest infestations and crop diseases
• Protection for yield shortfall compared to expected production
• Financial support for replanting or restoring crops after damage
• Insurance for agricultural equipment and farm-related assets (optional in some policies)
Crop and Agricultural Insurance is vital for farmers to manage risks associated with farming activities. It provides financial security, reduces uncertainty in agricultural income, and encourages sustainable farming practices.