Agriculture provides livelihood to majority of Indian population. So it is significantly the most dominant sector in India. Being demographically the broadest sector in India, it’s also highly dependent on weather conditions to keep serving as socio-economic fabric to Indian economy, with major area under cultivation being rain-fed and the changing weather trend, Agricultural output is also highly risk prone and any adverse effect on Agriculture will have a direct impact on economy.
HDFC ERGO offers a comprehensive Weather Insurance Policy to deal with such adversely changing climatic trends. This a index based product that covers the losses to the crop occurring due to varying weather conditions such as temperature, wind speed, rainfall, humidity etc.
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