Under our Crop policy we cover:
1) Multi-Peril Crop Insurance (MPCI)
A seasonal cover against physical loss or damage to growing crops directly
caused by assorted natural calamities such as Drought, Uncontrollable Pests
&
Diseases, Hailstone Damage, Flooding, Fire, Lightning, Earthquake,
Explosion,
Frost and Windstorm.
Features:
In this, we cover all sorts of crops in a single strand of large or small
farms. The claim payable is determined by a qualified expert who
inspects and scientifically quantifies the magnitude of the loss.
Benefits:
Cover for all kinds of crops irrespective the farm size, cover from any form
of
loss associated with nature, stability, improved financial management and
comfort
in knowing there is a safety net for unexpected loss and associated costs.
2) Named-Peril Crop Insurance (NPCI)
In this, we offer to cover all sorts of crops in small or large farms.
The claim payable is determined by a qualified expert who inspects
and scientifically quantifies the magnitude of the loss.
Features:
The cover is given to Broilers of 0 days to 8 weeks and Layers of 0 days to
1½ years. This cover Indemnifies on the insured’s
bird’s death due to; uncontrollable diseases and Accidents. The cover can be
extended to cover Transit Risk as well as Theft.
Threshold for the cover is a Minimum premium of 5,000 Kenya shillings. The
policy covers the maximum capacity of birds that a
farmer’s structure can hold.
Benefits:
Cover for all kinds of crops irrespective the farm size, stability, improved
financial management and comfort in knowing there is a safety net for
unexpected
loss and associated costs.
Features:
This is cover steel structured greenhouses only irrespective of size. The
indemnity
is based on the actual loss as assessed and quantified by our appointed loss
assessors
less deductibles.
Benefits:
Cover for all kinds of crops, assured stability, improved financial
management and
comfort in knowing there is a safety net for unexpected loss and associated
costs.
4.) Forest Insurance
This is cover for commercial tree farms, fruit orchards, natural forests and
tree
nurseries against; fire, lightning, windstorm, flooding, hail etc.
Features:
The tree value is evaluated by a forest ranger or a qualified specialist and
agreed
before cover. The claim payable is determined by a qualified loss assessor
who inspects
and scientifically quantifies the magnitude of loss less deductibles.
Benefits:
Cover for all kinds of commercial and aesthetic trees, assured stability,
improved
financial management and peace in knowing there is a safety net for
unexpected loss
and associated costs.
5.) Area Yield Index Insurance (AYII)
A seasonal cover for crop yield shortfall below the historical average yield
in a
unit area of insurance (UAI).
Features:
It can only be for a particular crop within a defined area of homogeneous
production.
Payout is based on a crop cutting exercises results done at the end of the
harvesting period.
Benefits:
Cover for all kinds of crops, assured stability of many farmers in one
location, affordable,
improved financial management and peace in knowing there is a safety net for
unexpected loss
and associated costs.
6.) Weather Index Insurance (WII)
A seasonal cover for loss or damage to growing crops directly caused by
deficit or excesses
in weather conditions such as temperature, sunlight, wind speed or rainfall.
Features:
It can only be for a particular crop within a defined area of homogeneous
weather patterns.
Payout based on actual weather measurement at the reference weather station
or satellite in
relation to effects at any stage of a crop growth cycle.
Benefits:
Cover for many farmers at once, assured stability, affordable, easy claim
process,
improved financial management and peace in knowing there is a safety net for
unexpected
loss and associated costs.