Question

Which insurance company among the options has introduced a unique satellite index-based Farm Yield Insurance Policy?

A ICICI Lombard Correct Answer Incorrect Answer
B HDFC ERGO Correct Answer Incorrect Answer
C TATA AIG Correct Answer Incorrect Answer
D United India Insurance Correct Answer Incorrect Answer
E Life Insurance Corporation of India Correct Answer Incorrect Answer

Solution

HDFC ERGO has launched a first-of-its-kind satellite index-based Farm Yield Insurance Policy for farmers. The satellite-based index will be used to provide localized farm level coverage and it will provide comprehensive cover across the crop life cycle from sowing to harvesting, basis satellite-based data.

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