Wheat Insurance Policy
(Based on Temperature & Biomass / Crop Vigour)

Wheat Insurance Policy is a unique technology based insurance product combining crop vigour / biomass (Normalized Difference Vegetative IndexNDVI) and weather (temperature) parameters.

Coverage

Agriculture Insurance Company to compensate the insured, in the manner specified herein, against the likelihood of diminished wheat output/yield resulting from a) lower biomass / crop vigour as measured using satellite imagery in terms of Normalized Difference Vegetative Index (NDVI) within the specified taluka / block preferably during the month of February (corresponding to peak crop vigour, subjected to availability of satellite image) and / or b) high temperature (in degree centigrade) consecutively for specified number of days above specified levels in the 1st and / or 2nd fortnight of March

Period of Insurance

The insurance operates during peak wheat crop growth stage, more particularly during parts of February and March

Premium

Premium chargeable would be statistically/actuarially calculated based on the geographical area, the triggers specified and the biomass and temperature patterns of the specified geographical area in the historical periods.