Question
Recently which of the folloiwng private sector insurance
firm launched first-of-its-kind insurance solution, the technology backed farm yield insurance policy for farmers, where a satellite-based index will be used to provide localized farm level coverage?Solution
Satellite index-based Farm Yield Insurance Policy- HDFC ERGO launched the of a technology backed farm yield insurance policy for farmers. This is a first-of-its-kind insurance solution, where a satellite-based index will be used to provide localized farm level coverage. It will provide comprehensive cover across the crop life cycle from sowing to harvesting, basis satellite-based data. The product is targeted at farmers under corporate/farm input company (FIC) contracts and is valid for food, oilseed, commercial or horticulture crops.
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