HDFC ERGO General Insurance Company has received West Bengal Government’s approval to extend its insurance coverage to farmers in the state.
As part of this pilot project, HDFC ERGO will provide Weather Based Crop Insurance Scheme (WBCIS) to farmers who have not taken any loans. In India, the farming community suffers greatly year after year due to unpredictable weather conditions. This impairs their crop yields and puts these farmers under tremendous strain. HDFC ERGO’s insurance will protect these farmers against such losses.
The insurance scheme will be given to farmers in certain regions of West Bengal like districts of South 24 Pargana, Hooghly, Bankura, Howrah, East, and West Midnapur, etc. The crops covered will be Aman Paddy as these farmers have just started the process of cultivating paddy crops. All insurance claims raised by the insured farmers will be managed and settled by a third-party organization.
HDFC ERGO General Insurance Company Ltd is jointly promoted by HDFC Limited (74%) and ERGO International AG (26%). Their presence spans 71 cities in the country, through 78 branch offices with an employee base of over 950 professionals. The company has various rural insurance schemes called Gramin Suraksha Bima, Parivar Suraksha Bima, Cattle Insurance, Rainfall Index Insurance, etc which provide attractive benefits at very affordable premiums.