What is Agriculture Insurance policy?
Crop Insurance is purchased by agricultural producers, and subsidized by the federal government, to protect against either the loss of their crops due to natural disasters, such as hail, drought, and floods, or the loss of revenue due to declines in the prices of agricultural commodities.
Why buy insurance on InsureMile online platform?
● Because enquiry about insurance quotes, buying of insurance and other transactions are simple, transparent and competitive on InsureMile platform ● Because InsureMile does not ask you for your phone number or email details, thus you are not harassed by unwanted calls or mail. ● Because InsureMile will guide you, whenever you need any assistance
What is meant by the agriculture plan?
Agriculture is one of the largest primary occupations in India. It is the prominent sector that provides food to our country. The cropping pattern may undergo changes due to climatic changes and calamities. Farmers will require funds to recover from natural disasters like storms, heavy rainfall, flood, lightning, drought, cyclones, landslides and so on. There are a number of general insurance agriculture plans available for farmers. The Agricultural Insurance Company of India Ltd offers various insurance options.
(i) It provides protection to farmers against losses caused by crop failure and thereby ensures stability in farm income (ii) It also strengthens the position of co-operatives and other institutions that finance, agriculture to the extent it enables the farmer members to repay their loans during the years when there is crop failure (iii) It minimizes the problem of rural indebtedness which invariably is linked to failure of crops (iv) It also reduces, to some extent, government expenditure incurred on relief measures extended to meet the havoc caused by natural calamities
The most important differentiator is InsureMile’s ‘Buy A Policy, Feed A Child’ mission For every policy you buy, InsureMile on your behalf contributes 25 meals to a child. You are thus becoming part of a Social Movement to eradicate hunger among children in India. There is no additional amount to be paid for the social cause. It is part of the premium. You can claim tax benefits for the donation you have made.