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IFFCO-Tokio launch Barsih Bima Yojana
BANGALORE:
IFFCO-Tokio General Insurance Co. Ltd. has launched a weather insurance policy called
`Barish Bima Yojana' for the rural masses that will provide insurance cover to farmers against damage to crop due to deficiency in rainfall. Barish Bima Yojana is an index-based re-insurance driven product that will cater to the needs of the farmers as well as the state co-operatives. The policy provides cover for anticipated deficiency in crop yield due to deficient rainfall during monsoon. At the end of the policy period, the weighted actual rainfall is compared to the weighted normal rainfall and the graded claim payout is made as per Claim Payout Table.
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