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Farming depends on multiple variables like weather, pest & disease outbreaks, temperature, rain, humidity, soil quality, market fluctuations etc. making it an unpredictable profession. For farmers to grow profitably & sustainably it is important to de-risk farming operations & safeguard them against weather & pest anomalies, and build for farmer resilience.
Our Kavach program offers protection & risk cover for farmers against crop losses, weather anomalies, market price fluctuations, pest & disease attacks and accidental misfortune. We have tailored our Kavach products to deliver maximum risk cover against minimum premiums. We leverage satellite data, crop models & artificial intelligence to automate claim triggers eliminating the need for claim requests leading to faster disbursals, requiring minimal paperwork, helping us create an impact on the farming community & build for farmer resilience.
Nearly 5 Million hectares is affected every year due to weather anomalies leading to financial & crop losses
More than 30% of crop is lost due to pest & disease attacks every year
334 incidents & 18.4 deaths per 100,000 farmers occur due to farming accidents every year
Only 20% of the total farmers are insured. Many of them are still unaware about the benefits of risk cover.
Less than 25% of the farmers are able to access the benefits of MSP
Less than 40% of the legitimate claims get approved leading to financial losses for the farmers
Weather Protection is the risk cover program for farmers to protect them against weather irregularities at a nominal cost.
It’s a flexible cover option where farmers can opt-in for the risk cover for any sum-assured value.
We disburse claims straight into the farmer’s bank accounts based on the automatic claim triggers to the farmers in the event of excessive rain or rain deficit.
Price Protection product offering ensures assured returns to the farmers against price fluctuations.
We have created a risk cover mechanism through which the farmer is compensated for the difference in the average modal prices of the crop in a month and benchmark prices of the produce. These benchmark prices are established based on historical pricing data from region-specific mandis.
Thus, protecting farmers from financial strains due to crop failure or fluctuations in commodity prices.
Many farmers suffer accidental misfortune during cultivation - snake bites, mechanization-related accidents, exposure to hazardous chemicals, bee- sting, machines tipping over etc. Through our accidental cover offering, farmers have access to quality medical assistance & are protected in case of fatalities as well. The product safeguards farmer & their families against such mishaps.
Benefits
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How to apply?
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Benefits
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How to apply?
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Partnership Enquiries: partners@nurture.farm
Investor Relations: upl.investors@upl-ltd.com
Media Relations: pr@nurture.farm
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