Nepal is an agricultural country. About one-third of the total population here is involved in agriculture. Most of the agriculture in Nepal is a subsistence profession. Since Nepal is a hilly country, irrigation facilities have not reached all places. As a result, Nepal’s agriculture business seems to be dependent on rainwater. In such a situation, the bitter reality that the crops planted in such conditions are sometimes dry and sometimes due to excessive rainfall, can also be seen in the agricultural system of Nepal. Along with this, due to various other reasons like various diseases in the crops, grazing by wildlife, etc., the crops planted are badly affected. Farmers who adopt subsistence-oriented farming systems are more affected by such losses or losses. The Insurance Board issued the Crop and Livestock Insurance Directive 2069 BS in 2069 BS with the objective of gradually moving the non-profit agriculture profession towards commercial agriculture, transferring the risk burden of the farmers to the insurance by transferring the risk burden of the farmers to the insurance and to make the subsistence agricultural profession towards commercialization. Accordingly, 6 insurance policies related to agricultural insurance were prepared. <\/p>\n
Risks covered by insurance <\/strong> <\/span><\/p>\n In case of loss or damage within the insurance period of the paddy crop, the compensation amount is paid according to the cost price. In case of loss, the insurer pays 90 percent of the loss to the insured. The insurance policy covers the loss and damage caused by fire, lightning, earthquake, flood, inundation, drought, landslide, storm, hailstorm, snow or frost, accidental and other accidental external causes, pests and diseases. <\/p>\n Conditions of non-compensation<\/span> <\/strong><\/p>\n Rice insurance does not pay the claim under certain circumstances. For example, the company does not pay the claim if the rice crop is damaged by the owner or his family member due to intentional or negligent or for recreational purposes. The company does not pay the claim even if the rice crop is destroyed on the orders of the government agency or other recognized legal body, if the rice crop is stolen, the insured sells his land or transfers the ownership. The company does not pay the claim even if the insured’s paddy crop is damaged due to war, encroachment, foreign military action, civil war, sedition, military coup. <\/p>\n Premium<\/strong> <\/span><\/p>\n The insurance premium of Dhani crop insurance policy has to be paid at the rate of five percent of the sum assured every year. The government has provided a 75 percent subsidy on the insurance premium and a 15 percent discount is given on the total insurance premium if the insurance is done through the member organization. <\/p>\n Claims process<\/span><\/strong><\/p>\n In case of loss to the insured due to the risks covered by this policy, the following documents should be submitted to the insurer through the bank or member as soon as possible along with the reasons for the loss. While making a claim, the claim should be accompanied by the original insurance policy, a fully filled claim form, the report of the concerned technician, the concerned VDC or Municipality ward or at least two nearby neighbours or joint partners. <\/p>\n Presentation: Bijaya Baskota<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" Nepal is an agricultural country. About one-third of the total population here is involved in agriculture. Most of the agriculture in Nepal is a subsistence profession. Since Nepal is a hilly country, irrigation facilities have not reached all places. As a result, Nepal’s agriculture business seems to be dependent on rainwater. In such a situation, […]<\/p>\n","protected":false},"author":9,"featured_media":6128,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45031,45075],"tags":[],"class_list":["post-317734","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banner-news-en","category-insurance-education-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/317734","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=317734"}],"version-history":[{"count":1,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/317734\/revisions"}],"predecessor-version":[{"id":317735,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/317734\/revisions\/317735"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/6128"}],"wp:attachment":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=317734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=317734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=317734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}