Private general insurer ICICI Lombard will insurance provide cover for weather-based crops to farmers in 8 states, including Madhya Pradesh, Bihar and Tamil Nadu, covering 39 districts in these states.
"ICICI Lombard General Insurance... has been given the mandate to provide weather based crop insurance for Rabi season (2010-11) in Madhya Pradesh, Bihar, Tamil Nadu, Karnataka, West Bengal, Chattisgarh, Jharkhand and Himachal Pradesh," ICICI Lombard said in a statement.
It would cover 39 districts - 30 loanee districts, farmers who have taken loans, and exclusive 9 non-loanee districts.
Weather based crop insurance provides cover against weather-related risks faced by crops such as excess or deficit rainfall, variations in temperature and fluctuations in humidity.
The major crops that ICICI Lombard would cover for Rabi season (2010-11) are winter paddy, cotton, wheat, mustard, barley, maize, onion, potato, tomato, lentil, peas, arhar, jowar, among others.
In 2009-10, ICICI Lombard insured over 2,87,000 farmers under weather-based crops scheme.