HDFC ERGO General Insurance to implement Pradhan Mantri Fasal Bima Yojana Scheme for Farmers in Odisha

Bhubaneswar: HDFC ERGO General Insurance Company Ltd., has been authorized by the Government of Odisha to implement Pradhan Mantri Fasal Bima Yojana Scheme (PMFBY) for Loanee and Non Loanee farmers of Bolangir, Sundargarh, Jharsuguda and Puri districts. All the products under Pradhan Mantri Fasal Bima Yojana Scheme are approved by the Co-Operation Department, Government of Odisha vide notification no. 9322/ III-CR-19/17/CoOp Date 23.11.2017.

PMFBY offers start to end insurance cover against losses of crops during the entire cycle from preparation of sowing to harvesting and post harvest cover to selected crops (crops left in the field in cut and spread condition for drying) due to poor yield. Farmers can contact their respective banks and authorized agents of HDFC ERGO to get the cover. The last date for cover under this scheme is 31ST December 2017.

The claim amounts will be settled on the basis of yield data which is estimated through crop cutting experiments as mentioned in the Scheme and managed by State government.

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