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PMFBY Claim Form ICICI Lombard in Hindi
Insurance cover will be provided to the farmers to provide immediate relief in case of adverse seasonal conditions during the crop season viz. floods, prolonged dry spells, severe drought, etc., wherein expected yield during the season is likely to be less than 50% of Normal Yield. Eligibility Criteria: All notified IUs would be eligible for “ON ACCOUNT” payment only if the expected Yield of the affected crop during the season is less than 50% of Normal Yield.
The quantum of likely losses and the amount of ‘on-account’ payment shall be decided based on the joint survey by Insurance Company and State Govt. officials. Only those farmers would be eligible for financial support under this cover who have paid the premium / the premium has been debited from their account before the damage notification by the State Govt. for invoking this provision for compensation. Banks must ensure to debit farmers premium within 15 days from sanction/renewal of KCC/crop loan to provide the benefit of this add on products, failing which banks will be liable to meet the claim liabilities of uncovered eligible farmers.The amount payable would be 25% of the likely claims, subject to adjustment against final claims
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