Crop Insurance is a vital part of the Pakistan agricultural industry and a key risk management tool for the modern farmer. The Crop Insurance Company agrees to indemnify the insured (farmer, rancher or grower) against losses which occur during the crop year. Losses must be due to perils which are unavoidable or beyond the insured’s control such as drought, flood and disease.
- All farmers receiving agricultural loan from banks are eligible to buy this insurance.
Types of crops covered
The crops covered under igi’s crop insurance program are wheat, rice, maize, cotton and sugarcane.
The policy covers a loss to crops due to the following:
The insurance does not cover.