However, the state government/UT and the relevant insurance company are free to renegotiate the terms if relevant. In other words, additional subsidy, if any, shall be fully borne by the State Government / UT.
SUM INSURED/LIMIT OF COVERAGE
Deadline for receipt of declarations from farmers covered on a voluntary basis from appointed insurance agents to insurance companies. Deadline for receipt of declarations from borrower farmers covered on compulsory basis and farmers not covered on voluntary basis from Nodal Banks to Insurance Company.
COLLECTION OF PROPOSALS AND PREMIUM AMOUNT
Loanee farmers (Compulsory coverage)
However, farmers can opt for a higher sum assured which can extend up to the yield threshold value. Farmers can also choose a higher insurance amount, equivalent to 150% of the average yield value (on the basis of which the Notional Threshold Yield is worked out), in which case the farmer will not be eligible for the subsidy of the premium for the portion of the sum assured, which exceeds the sanctioned / advanced loan or the return value at the threshold.
Non-loanee farmers (Optional coverage) through intermediaries
While accepting the proposal and premium, Branch/PACS will be responsible for verifying the sum assured and its limit, applicable premium rate, etc. Bank Branch/PACS will then consolidate these details and send them to the respective Nodal Bank , and Nodal Banks shall submit, in the crop insurance returns in the prescribed format, along with the premium, to the insurance company within the stipulated time.
Non-loanee farmers (Optional coverage) – Directly to Insurance companies
The banks/PACS must also ensure that the consolidated statement along with the premium amount is transferred to the insurance company within the stipulated time, failing which they will be responsible for payment of any claims to the farmers. It is the responsibility of the concerned insurance companies to collect/obtain the details of the insured farmers (both loaned and non-loaned) from the bank/financial institutions/middlemen/agents.
LOSS ASSESSMENT AND PAYMENT OF CLAIMS/ INDEMNITY
- WIDE SPREAD CALAMITIES (Based on season end yield)
- On-Account Payment of Claims due to Mid-Season Adversity
- Illustration
- Prevented Sowing / Planting Claims
- Post-Harvest Losses
- LOCALIZED RISKS
5,000 (which is the difference between the two estimates) will be paid on payment of 'surface approach' claims. 6,000 (being the difference between the two estimates) will be paid on payment of 'surface approach' claims.
IMPORTANT CONDITIONS/CLAUSES APPLICABLE FOR COVERAGE OF RISK
PUBLICITY & AWARENESS
22 fair, exhibitions including SMS messages, short films and documentaries will be used to create and spread awareness, benefits and limitations of the Scheme among the growers and the agencies involved in the implementation of the Scheme. State Government may also periodically review the progress of scheme and undertake impact assessment after the completion of each season and send their suggestion/recommendations to this Department for further improvements in the scheme.
COMMISSION & BANK CHARGES
Agriculture/Cooperative Departments in the State in consultation with insurance companies shall prepare suitable plan for adequate awareness and publicity three months before the commencement of the coverage period. State Governments / UT can ensure that products provide comprehensive insurance coverage to farmers on sound insurance principles and provide the best value for the premium.
CAPACITY BUILDING & TRAINING
23 State Government may send the name and details of officials requiring such specialized training by the end of May and December every year.
MONITORING OF THE SCHEME AND SOCIAL AUDIT
23 The State Government may send the name and details of officers requiring such specialized training by the end of May and December of each year. 24 v) About 5% of the beneficiaries can be verified by the region. At least 10% of the beneficiaries verified by the insurance company may be verified by the respective District Level Monitoring Committee (DLMC) and send the feedback to the state government. vii) 1 to 2% of the beneficiaries can be verified by the Head Offices of the insurance company/Independent Agencies appointed by the Central Government/National Level Monitoring Committee and send the necessary information to the Central Government.
SERVICE TAX
- Role & Responsibilities of Central Government
- Role & Responsibilities of State Government/UT Administration
- Role & Responsibilities of Financial Institutions/Banks
- Role & Responsibilities of Insurance Companies
- Role & Responsibilities of designated Insurance agents
- Role & Responsibilities of Loanee farmers
Prepare consolidated statements for cultivators borrowers and non-borrowers and forward them to the insurance company along with the premium amount and other details of insured farmers. Coordinating with states and other agencies to create awareness and inform the public about the scheme. xiii).
PARTICIPATING INSURANCE COMPANIES
If the performance is found to be substandard, the said insurance company may be excluded.
SCHEME ACCEPTANCE BY THE STATE GOVERNMENT
CROPS COVERAGE
FARMERS COVERED
All farmers availing Seasonal Agricultural Operations (SAO) loans from Financial Institutions (ie loan farmers) for notified crops are covered on a compulsory basis. However, both MNAIS and WBCIS will continue to apply to non-borrowing farmers who can choose between MNAIS and WBCIS, as well as the insurance company.
PERILS COVERED
- Selection of Areas & Crops
- Selection of Insurance Company
- Notification of the seasonality discipline, claim settlement methodology
- Notification of Reference Weather Station (RWS) and Authorized Data providers
38, only those insurance companies should participate that provide the best value for the premium, while at the same time maintaining the insurance character of the product. Information about the RUA along with the RWS and back-up weather stations is covered in the notice issued at the start of the season.
PREMIUM RATES
Farmers who are not borrowers will be allowed to insure smaller amounts but not less than 50% of the sum assured limit. However, the sum insured allocated to subsequent stages may be the sum of earlier stages to ensure adequate compensation for crop damage in later stages.
PREMIUM SUBSIDY
SEASONALITY DISCIPLINE/ CUT-OFF DATES
From April to 15 July From October to December Deadline for proposals. If any State/UT itself extends the above seasonal/limit dates, the central share of premium subsidy will not be available for the concerned notified crops/areas.
COLLECTION OF PROPOSALS AND PREMIUM AMOUNT
No relaxation for extension on above seasonality / cutoff dates will be considered / granted by this department, however, advance on cutoff dates will be considered on a case-by-case basis.
Loanee Cultivators (Compulsory coverage)
Non-loanee cultivators (Optional coverage)
43 15.2 Those cultivators who wish to avail insurance shall complete the Scheme Proposal Form and submit it to the village level lending point of a Commercial Bank (CB) or Regional Rural Bank (RRB), or Primary Agricultural Cooperative/Society Credit (PACS). ), Central District Cooperative Bank (DCCB) with the required premium amount after opening an Account or in an existing Account in their name. 44 15.7 Nodal Banks may also collect the list of insured individual farmers. both borrower and non-borrower) with necessary details like name, father's name, bank account number, village, categories - S&M/SC/ST/Women, area insured, crop insured, sum insured, premium collected, the government.
CLAIMS PROCESSING, APPROVAL & SETTLEMENT
Claims will be worked out as per the insurance declarations received from the Nodal Banks for each notified area and crop. 48 19.8 Losses will be settled by the insurance company within 15 days of receipt of the investigation report and other documents as may be necessary for the processing of the claim.
PUBLICITY & AWARENESS
REVIEW OF THE SCHEME
COMMISSION & BANK CHARGES
CAPACITY BUILDING & TRAINING
The State Government may send name and details of officers requiring such specialized training before the end of May and December of every year.
MONITORING OF THE SCHEME AND SOCIAL AUDIT
50 with proper facilities and mechanisms for public redress/feedback etc. iv) The insurance company should also receive a copy of the list of beneficiaries from financial banks along with the list of beneficiaries covered through other intermediaries within one hour to the concerned Gram Panchayat send. month in which the claims have been paid so that they can be displayed on the notice board for social audit etc. v) 5% of the beneficiaries can be verified by the regional offices/local level offices of implementing insurance companies and send the feedback back to the concerned monitoring at District Level Committee (DLMC) &. At least 10% of the beneficiaries verified by the insurance company can be verified by the concerned District Level Monitoring Committee (DLMC) and the feedback sent to the state government. vii) 1 to 2% of the beneficiaries can be verified by the Head Offices of Insurance Companies/Independent Agencies appointed by the National Level Monitoring Committee and send necessary feedback back to DAC.
ROLE OF VARIOUS AGENCIES
- Role & Responsibilities of State government
- Role and Responsibilities of implementing insurance company
- Role & Responsibilities of designated Insurance agents
- Role & Responsibilities of Weather data providers
- Duties of Cultivators
The banks should cross-check their records and discrepancies, if any, should be immediately brought to the notice of the insurance company. To allow insurance company access to all relevant records / ledgers at the Nodal Bank / Branch / PACS at all times for the purpose of implementation of the scheme.
IMPORTANT CONDITIONS / CLAUSES APPLICABLE FOR COVERAGE OF RISKS
The farmer should approach the designated branch / PACS, office of insurance company or insurance agent and submit the proposal form in the prescribed format. The farmer must provide area sown confirmation certificate, if necessary. f) The farmer must ensure that he/she gets insurance cover for a notified crop(s) grown / proposed to be grown in a piece of land from a single source.
SERVICE TAX
In respect of non-borrowing cultivators, insurance proposals will be. accepted only up to a fixed cut-off date, which will be determined by the SLCCCI. - Loan growers who wish to avail insurance under WBCIS will have to approach the nearest bank branch / PACS or insurance agents within the cut-off date.
CATASTROPHIC FUND
A farmer caught with double/multiple insurance for the same piece of land/crop will not only forfeit the premium but also face legal action. 58 compensate and alleviate the financial hardships of the farmers in a situation of catastrophic losses arising due to sudden violent changes/anomalies in the weather parameters which may be uncontrollable, unavoidable and beyond the bounds of normal coverage limits.
NO CLAIM BONUS / BENEFITS
Illustration for preparation of Term sheet
The rainfall (water) requirement of the crop may also vary on a fortnightly basis (i.e. July 15-31, August 1-15, August 16-31, September 1-15 and so on) or monthly or in such other period as the state government may decide. decides on the prevailing weather conditions. Other terms and conditions The operational guidelines/administrative approval and other instructions issued by DAC and the State Government from time to time.
NATURE OF THE SCHEME
PARTICIPATING INSURANCE COMPANY
SCHEME ACCEPTED BY THE STATE GOVERNMENT
PALM GROWER COVERED
They can be covered with tall, dwarf and hybrids, grown as mono or between crops, on plantations, farms or homesteads. However, the Implementing Agency (IA) may at any time require verification of the authenticity of the insured palms and the insurance becomes invalid in case of misrepresentation of age or any material fact of the insured in relation to the insurance.
RISK COVERED
The insurance does not cover the following events, if they are appropriate, taking into account the scope of insurance coverage:. Rebellion, Revolution, Insurrection, Mutiny, Blockade, Malicious Damage, Conspiracy, Army/Usurped Authority, Civil Disturbance, Confiscation, Requisition/Destruction/Damage by order of any Government de-jure / de-facto / by any Public / Municipality / local authorities, including damage due to the transmission of electricity.
PREMIUM SUBSIDY
The Insurer shall not be liable to make any payment under this Policy for any expenses incurred by the Insured in respect of or in connection with any loss other than perils insured. 64 8.2 If any association of planters/producers wishes to take the premium on behalf of the planters/producers, such association may do so, if at all.
INSURANCE PERIOD/TERM
ISSUE OF INSURANCE POLICY
IA will release claim to insured planter / grower within one month from date, all relevant certified details of claim are received in their office
SERVICE CHARGE
PUBLICITY & AWARENESS
MONITORING MECHANISM
ROLES OF VARIOUS AGENCIES
Role & Responsibilities of Central Government
Role & Responsibilities of State Government/UT Administration
Issue necessary directives to all agencies/institutions/governments. departments/committees involved in the implementation of the scheme. Issue necessary instructions to the officer of State Horticulture Department to collect insurance premium on behalf of IA for coconut palm cover under CPIS and issue cover certificate. xxvi) Assisting the Insurer through the officers of Horticulture Department/District Administration or State Agricultural University (SAU) in assessing Palm losses of individual insured farmers/growers and issuing necessary IA loss certificates for settlement of claims.
Role & Responsibilities of Coconut Development Board (CDB)
Andhra Pradesh Sow May-June Nov-Dec March-April Jun(B)-Jul(M) Harvest Nov-Dec May-June July-Aug. Uttar Pradesh Sow June-July Nov-Dec Jun(B)-Jul(E) Oct(B)-Jan(M) Harvest Oct-Nov April-May Oct(B)-Nov(M) Apr(B)-Apr( M).
