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This Policy is available to farming communities having farm incomes from cultivable area and who may get adversely affected on account of a Rainfall Deficit. They should be Members (in groups) of Micro Finance Institutions, Non Government Organisations, Government Sponsored Organisations and such affinity groups / institutions in rural and social sector.

Typical Benefits of the Rainfall index Insurance Policy:

Diminished agricultural output/ yield:

Covers the diminished agricultural output/yield resulting from a shortfall in the anticipated normal rainfall within a specific geographical location and specified time period.

Rainfall Index Insurance is a mechanism for providing effective risk management aid to those individuals and institutions likely to be impacted by adverse rainfall incidence. The most important benefits of Rainfall Index Insurance are:

	Rainfall Insurance can transfer rainfall related risks faced by Indian farming community for food grain and plantation crops, to the global weather markets on competitive terms. It may be noted that access to international weather re-insurers with geographically diversified portfolio, facilitates cost reduction.
	Rainfall insurance can facilitate immediate and transparent claim settlement to the insured farming communities.
	Due to its low administrative costs, Rainfall insurance is cost effective for the insurer as well, translating into lower premium levels compared to that of traditional crop insurance

Kindly contact us for more information. The premium payable on the policy would be dependent on the benefits purchased.
Please note that all benefits are subject to a maximum amount as stated in the policy. These will be clearly noted in any quotation released or any policy issued.

Claims Process
Claims shall be assessed and paid on the basis of the documents submitted to the Company. In the event that, in the specific geographical location and during the time period specified in the Schedule to this policy, the Actual Total Rainfall Index is less than the Normal Rainfall Index, the benefit payable to the insured shall be the Standard Loss Rate multiplied by difference in Normal Rainfall Index and Actual Total Rainfall Index, subject to a maximum of the Total Sum Insured.

Insurance is the subject matter of solicitation.
This content is descriptive only. Actual coverage is subject to the language of the policies as issued.