Weather Index-Based Crop Insurance (WIBCI)

We introduced Weather Index-Based Crop Insurance to support marginal and smallholder farmers in facing extreme weather events. It protects crops like Aman rice, Boro rice and maize from climate-related risks such as excessive rainfall, drought or high temperature extremes. It uses satellite and ground stations' historical weather data to define payout conditions.

• - Smart Insurance
• - Tailored Protection
• - Hassle-Free Claims

Coverages:

• Drought & Heat Waves
• Excess & Unseasonal Rainfall
• Cold Waves & Low Temperature
• Inadequate Sunshine & Humidity Extremes

Our Process:

1. Focus Group Discussion (FGD)
2. Crop & weather data analysis
3. Insurance product design
4. Product Distribution
5. Real-time weather monitoring
6. Automatic claim payout (If peril occurs)

Area Yield Index-Based Insurance

Yield Index Insurance is a type of crop insurance that protects farmers against low harvest yields due to natural calamities. This parametric insurance pays when harvest yield is lower than the normal yield.

Coverage:

• Production loss

Parameter:

• Average area yield

Benefits for Farmers:

• Easy enrollment
• Fast payouts
• Affordable premiums
• Supports credit access and resilience