PMFBY Claim Form ICICI Lombard - Summary
Download the PMFBY Claim Form ICICI Lombard in PDF format today! The PMFBY (Pradhan Mantri Fasal Bima Yojana) offers essential insurance cover to farmers, providing immediate financial relief in case of adverse seasonal conditions during the crop season, such as floods, prolonged dry spells, severe drought, and more. If the expected yield during the season is likely to be less than 50% of the Normal Yield, farmers can claim support.
Key Features of the PMFBY Claim Form ICICI Lombard
This insurance scheme is designed to protect farmers and ensure they can recover from unexpected losses. The PMFBY Claim Form ICICI Lombard is crucial for farmers looking to receive their entitled benefits and support.
Eligibility Criteria for PMFBY Claim Form ICICI Lombard
Eligibility Criteria: All notified Insurance Units (IUs) would be eligible for the “ON ACCOUNT” payment only if the expected yield of the affected crop during the season is less than 50% of the Normal Yield.
The assessment of likely losses and the amount of ‘on-account’ payment will be determined through a joint survey conducted by the Insurance Company and State Government officials. To qualify for financial support under this scheme, farmers must ensure they have paid the premium or that the premium has been debited from their account before the damage notification by the State Government is issued. This notification is essential for invoking the compensation provisions.
Moreover, banks have the responsibility to ensure that farmers’ premiums are debited within 15 days from the sanction or renewal of their Kisan Credit Card (KCC) or crop loan. Failing to do so means that banks will be liable for meeting the claim liabilities of uncovered eligible farmers. The payable amount will be 25% of the likely claims, subject to adjustments against the final claims.
Don’t wait any longer! Download the PMFBY Claim Form ICICI Lombard in PDF format using the link given below to secure your claims and safeguard your farm’s future. 📄
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