Crop Insurance Schemes
Pilot Scheme on Seed Crop Insurance (PSSCI) :
Salient Features
7. LOSS ASSESSMENT METHOD
Loss due to rejection of a field or part thereof:The certification agency officials, who periodically inspect the field, shall intimate individual grower-wise, the details of damages/ losses and rejection thereof to the seed producing organisation and to the insurer. The insurer shall arrange for surveying the loss and the compensation shall be estimated and paid as per graded scale mentioned earlier. The first inspection of the seed crop will be done by the State Seed Certification Agencies within 45 days in case loss is reported by the seed grower, otherwise if the crop is normal, the State Seed Certification Agencies will work out the inspections as per their routine norms.
The amount of claim shall be proportionate to the area rejected.
Excess: 20% of all admissible claims shall be borne by the Insured.Loss in expected raw seed yield :
The seed producing organisation and Certification agency both shall intimate the occurrence of the insured peril(s) to the insurer. The insurer along with Certification official and/ or an independent surveyor will inspect the affected area and collectively assess the damage in terms of percentage loss. The estimation of percentage loss of yield of an insured field shall be with reference to the average yield certified.Excess: 20% of all admissible claims shall be borne by the Insured.
After harvesting and until the crop is ready for transportation :
Concerned seed producing organisation / grower will intimate the loss soon after the incident of loss to the insurer giving all the detailed information. The Insurer shall arrange for survey / loss assessment and the compensation shall be estimated and paid.
Excess: 20% of all admissible claims shall be borne by the Insured.
At Seed Certification Stage:
Certification Agency and seed producing organisation both shall intimate to the insurer the individual farmer-wise Actual Quantity Rejected due to failure in germination test on account of natural calamity along with the laboratory test results. The maximum amount of claim shall be the procurement value of the rejected quantity less salvage value as referred in Salvage value chart.
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