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About Item
Comprehensive crop insurance coverage protecting farmers against multiple natural risks including drought, flood, hail, cyclone, pests, and diseases to ensure stable agricultural income.
Overview
Multi-Peril Crop Insurance (MPCI) is a comprehensive agricultural insurance solution designed to protect farmers against a wide range of natural and unavoidable risks that may impact crop yield and productivity. Unlike single-risk policies, MPCI covers multiple perils under one integrated insurance plan, ensuring financial stability and reduced risk exposure for farmers, agribusinesses, and agricultural cooperatives.
This service supports farmers throughout the crop lifecycle — from sowing to harvest — safeguarding investments in seeds, fertilizers, labor, irrigation, and machinery.
Key Risks Covered
🌧️ Drought and prolonged dry spells
🌊 Flood and excessive rainfall
❄️ Hailstorm damage
🌪️ Cyclones and storms
🌡️ Temperature fluctuations
🐛 Pest and disease outbreaks
🔥 Fire and natural calamities
Coverage Features
1. Yield Protection
Compensation is provided if actual crop yield falls below the insured threshold due to covered perils.
2. Pre-Sowing & Post-Harvest Coverage
Protection extends to crop damage before sowing (prevented sowing risk) and after harvest (e.g., unseasonal rain damage).
3. Area-Based Assessment
Claims are assessed based on notified areas using scientific crop-cutting experiments.
4. Scalable for All Farm Sizes
Suitable for smallholder farmers, commercial farms, FPOs, and agri-enterprises.
Benefits to Farmers
Financial stability during crop failure
Reduced dependency on informal credit
Encourages adoption of modern farming techniques
Improves creditworthiness for institutional loans
Risk mitigation across multiple climate threats
Ideal For
Individual farmers
Farmer Producer Organizations (FPOs)
Agri cooperatives
Commercial farming enterprises
Agri lenders & rural banks
