Weather Based Crop Insurance Scheme (WBCIS)

Provides insurance protection against potential crop losses due to adverse deviations in weather parameters like rainfall, minimum temperature (frost), maximum temperature (heat), humidity, high wind-speed, etc. Covers weather risks during critical stages of crop growth, the sum insured being broadly equivalent to the ‘cost of cultivation’.

Actuarially priced – AIC thus responsible for all claims Subsidized Premium Rates – the gap between the actuarial rates and the rates charged from the farmer being bridged by the Government.