PMFBY Insurance Premium Calculator is now available online at official website pmfby.gov.in. Using this calculator, farmers can easily calculate Pradhan Mantri Fasal Bima Yojana premium amount which they have to pay while applying for PMFBY crop insurance. Also farmers can know PM Fasal Bima Yojana premium rates in a percentage wise format before filling www.pmfby.gov.in registration form. Read this article till the end to know how to use pmfby.gov.in insurance premium calculator to calculate amount and what are premium rates in percentage.
First of all, visit the Pradhan Mantri Fasal Bima Yojana official website https://pmfby.gov.in/
On reaching the homepage, click at the “Insurance Premium Calculator – Know Your Insurance Premium Before (Calculate)” section as shown in the figure below:-
pmfby.gov.in Insurance Premium Calculator Link
Now the PMFBY Insurance Premium Calculator Page will get displayed on your screen.
PMFBY Insurance Premium Calculator Page
Here enter the details to calculate PMFBY crop insurance premium amount. Firstly select the Season (Kharif / Rabi), Year, Scheme Name (PMFBY, Weather Based Crop Insurance), State, District, Crop and then Area in hectares.
Finally, click at the “Calculate” button to Know Your PMFBY Insurance Premium Amount. The calculated insurance premium for Pradhan Mantri Fasal Bima Yojana based on your selections will open:-
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:-
S. No.
Season
Crops
Maximum Insurance charges payable by farmer (% of Sum Insured)
1
Kharif
All foodgrain and Oilseeds crops(all Cereals, Millets, Pulses and Oilseeds crops)
2% of SI or Actuarial rate, whichever is less
2
Rabi
All foodgrain and Oilseeds crops(all Cereals, Millets, Pulses and Oilseeds crops)
1.5% of SI or Actuarial rate, whichever is less
3
Kharif and Rabi
Annual Commercial / Annual Horticultural crops
5% of SI or Actuarial rate, whichever is less
PMFBY Insurance Company Names
Company Name
Headquarter Email
Headquarter Address
Agriculture Insurance Company
fasalbima@aicofindia.com
Office Block-1, 5th Floor, Plate-B & C, East Kidwai Nagar, Ring Road, New Delhi-110023
Bajaj Allianz General Insurance Co. Ltd
bagichelp@bajajallianz.co.in
Bajaj Allianz House, Airport Road, Yerawada, Pune 411 006
Bharti AXA General Insurance Company Ltd.
customer.service@bharti-axagi.co.in
7th floor, Merchantile House, K.G.Marg, New Delhi – 110 001.
#413, 4th Floor, My Home Tycoon, Kundan Bagh, Begumpet, Hyderabad – 500016, Telangana, India.
National Insurance Company Limited
customer.relations@nic.co.in
National Insurance Co. Ltd.3 , Middleton Street , Kolkata -700071,West Bengal
New India Assurance Company
customercare.ho@newindia.co.in
87, MG Road, Fort, Mumbai – 400001
Oriental Insurance
crop.grievance@orientalinsurance.co.in
The Oriental Insurance Company Ltd.Crop Cell, Head Office, New Delhi
Reliance General Insurance Co. Ltd.
rgicl.pmfby@relianceada.com
Reliance General Insurance Company Limited, 6th Floor, Oberoi Commerz, International Business Park, Oberoi Garden City, Off. Western Express Highway, Goregaon (E), Mumbai- 400063.
