1. Crop Insurance: Agricultural insurance protects against loss of or damage to crops or livestock. It has great potential to provide value to low-income farmers and their communities, both by protecting farmers when shocks occur and by encouraging greater investment in crops. However, in practice its effectiveness has often been constrained by the difficulty of designing good products and by demand constraints. We have partnership with Arbol to provide the protection scheme as below:
Protection Type |
Drought Coverage |
Flood Coverage |
Premium per H.A
|
$13 |
$13 |
Max. Payout per
H.A |
$150 |
$150 |
Trigger |
89% of average
cumulative rainfall |
120% of average
5 days rolling total rainfall |
Exit |
50% of average
cumulative rainfall |
200% of average
5 days rolling total rainfall |
Service
Provider |
ARBOL |
2. Personal Accident Insurance: AGRIBEE is working with insurance partners to provides benefits to insured our farmers and stakeholders in case of accident. The insurance scheme will covers medical expenses for accidental injury and provides a fixed capital in case of permanent disability or accidental death. It is an add-on services that help to secure the farmers in case the farmers facing any accident leading to lost capacity in earning income or dead.
SPECIFICATION |
Lyhour Insurance Scheme |
Premium |
$ 5.0 (Five USD) |
Death accident |
$ 2,500.0 |
Totally Permanent Disability |
$ 2,500.0 |
Partially
Permanent Disability |
$ 1,875.0 for losing pair of ears $ 1,250.0 for losing 1 Eye $ 1,250.0 for losing 4 fingers |
Medical Care |
$ 100.0 |
Service Provider |
Ly Hour Insurance Plc. |