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Coimbatore: Mausam Bhima Yojna for farmers
Coimbatore,
Nov
10:
IFFCO-TOKIO
General
Insurance
Co
Ltd
(ITGI)
on
Wednesday,
Nov
5
launched
weather
insurance
product-
Mausam
Bima
Yojna
in
Coimbatore
for
farmers.
The
policy
provides
cover
for
anticipated
deficiency
in
crop
yield
due
to
excess
rainfall
during
the
specified
cover
period.
This
product
will
be
available
for
crops
like
Paddy,
Sugarcane,
Groundnut
and
other
crops
cultivated
in
Coimbatore.
Similar
product
will
be
made
available
in
Salem,
Madurai,
Cuddalore
and
Vellore
districts
during
this
month,
said
K.
Venkatesan,
Business
Head
of
IFFCO
TOKIO.
IFFCO TOKIO had earlier introduced its first Weather Insurance Product- "Barish Bima Yojna" (BBY) for Kharif crops in four States in April 2004.
Since then IFFCO TOKIO was successful in spreading the distribution of its weather products to more than 200 districts insuring 2.11 lakh farmers and also paid claims to 36,300 farmers till date.
Oneindia News
