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This policy contains 16 sections (including tariff and Market Agreement Sections) which will comprehensively satisfy probable insurance needs of different categories of farmers.
SALIENT FEATURES :
This policy contains 16 sections (including tariff and Market Agreement Sections) which will comprehensively satisfy probable insurance needs of different categories of farmers.
Sections I a & b as enumerated on next page will be compulsory and farmer shall have to opt for minimum three sections.
A special discount in lieu of group of sections opted by a farmer under this policy shall be allowed as under :-
(i) Where more than 4 and upto 6 sections (including tariff and Market Agreement Sections) are availed/opted, 15% on Non-tariff /Non Market Agreement premium only.
(ii) Where more than 6 and upto 8 sections (including Tariff and Market Agreement Sections) are availed/opted, 20% on Non-tariff/Non Market Agreement premium only.
(iii)Where more than 8 sections (including Tariff and Market Agreement Sections) are availed/opted, 25% on Non-Tariff/Non Market Agreement premium only.
Based on the merits of individual proposal, 5% discount may be allowed on premium against Non-Tariff/Non Market Agreement Sections only.
Group Discount may be allowed as under :
Upto 100 - NIL
101-250 - 10%
251-500 - 15%
Above 500 - 25%
Since most of the covers available under the policy are basically Rural Traditional /non Traditional classes of insurance, this policy shall come under the purview of Rural Insurance Department.
Development Officers shall be allowed Single Credit for the business booked under this policy.
Agency Commission shall be allowed 15% (excluding on premium under scheme animals/birds)
For ready reference, we give below the classifications of tariff/Market Agreement Sections and others :
