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    Question

    Recently which of the folloiwng private sector

    insurance firm launched first-of-its-kind insurance solution, the technology backed farm yield insurance policy for farmers, where a satellite-based index will be used to provide localized farm level coverage?
    A HDFC ERGO General Insurance Co. Ltd. Correct Answer Incorrect Answer
    B Aditya Birla Health Insurance Co. Ltd. Correct Answer Incorrect Answer
    C Bajaj Allianz General Insurance Co. Ltd. Correct Answer Incorrect Answer
    D Bharti AXA General Insurance Co. Ltd. Correct Answer Incorrect Answer
    E Cholamandalam General Insurance Co. Ltd. Correct Answer Incorrect Answer

    Solution

    Satellite index-based Farm Yield Insurance Policy- HDFC ERGO launched the of a technology backed farm yield insurance policy for farmers. This is a first-of-its-kind insurance solution, where a satellite-based index will be used to provide localized farm level coverage. It will provide comprehensive cover across the crop life cycle from sowing to harvesting, basis satellite-based data. The product is targeted at farmers under corporate/farm input company (FIC) contracts and is valid for food, oilseed, commercial or horticulture crops.

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