Home |Pradhan Mantri Fasal Bima Yojana | Under Pradhan Mantri Fasal Bima Yojana, what is Premium Rates and Premium Subsidy ?

Under Pradhan Mantri Fasal Bima Yojana, what is Premium Rates and Premium Subsidy ?

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John John
Answered on March 27,2019

The Actuarial Premium Rate (APR) would be charged under PMFBY by implementing agency (IA). The rate of Insurance Charges payable by the farmer will be as per the following table:

Season Crops  Maximum Insurance charges payable by farmer (% of Sum Insured)
Kharif All foodgrain and Oilseeds crops(all Cereals, Millets, Pulses and Oilseeds crops) 2.0% of SI or Actuarial rate, whichever is less
Rabi All foodgrain and Oilseeds crops(all Cereals, Millets, Pulses and Oilseeds crops) 1.5% of SI or Actuarial rate, whichever is less
Kharif and Rabi Annual Commercial / Annual Horticultural crops 5.0% of SI or Actuarial rate, whichever is less
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