The working group on risk management in
(ii). Crop Insurance – Types
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(b) According to Object insured
4.2.(ii). Crop Insurance – Types:
Crop insurance maybe of different types according to different criteria. The types as per criteria used could be:
(a)
According to Perils insured
•
Single Peril insurance E.g.-
Hail insurance
•
Named Peril insurance
Up to four perils are covered
•
Multi-Peril insurance At least five
or more perils are covered
•
All Peril insurance Covers all natural and non-preventable perils.
(b)
According to Object insured
•
Single crop insurance
A scheme covers a single crop
, e.g. Apple insurance against hail & frost.
•
Multiple crop insurance A single
scheme covers a host of crops
, e.g.
National
Agricultural Insurance Scheme .
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