Question : Premium under New Crop Insurance Scheme

(a) the details of premium amount paid to insurance companies by farmers, Central Government and State Governments after the implementation of new Crop Insurance Policy and the amount of compensation paid to the farmers along with the number of farmers to whom compensation was paid, State-wise;

(b) the extra premium being paid by the farmers under new Crop Insurance Policy and the details thereof; and

(c) the names of States with higher risk factor and the increase made in the premium amount at these places, the details thereof?

MINISTER OF AGRICULTURE AND FARMERS WELFARE

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(a) & (b): The State-wise and year-wise details of premium paid by Central Government, State Government & farmers to insurance companies, Claims reported and farmers benefitted under the Pradhan Mantri Fasal Bima Yojana (PMFBY) and Restructured Weather Based Crop Insurance Scheme (RWBCIS) since 2016 till Rabi 2018-19 are annexed.

Actuarial/bidded premium is charged by the insurance companies under these schemes. However, farmers have to pay a fixed premium of maximum of 2% of sum insured for Kharif season and 1.5% for Rabi seasons for food and oilseed crops and 5% for commercial/Horticultural crops. The remaining part of actuarial/bidded premium is shared equally by the Central and State Governments.

(c): Some States like Haryana, Uttarakhand, Himachal Pradesh, Uttar Pradesh, Jammu & Kashmir, Telangana etc. where yield variability is relatively less and low claims have been paid in the past, actuarial premium rates are comparatively very low, whereas in States like Gujarat, Karnataka, Tamil Nadu, Maharashtra etc. where yield variability is more and higher claims have been paid in the past, the actuarial premium rates are relatively high. The State-wise average premium rate for last three years is annexed.