Agriculture Insurance Companies

3. Agriculture Insurance Companies (HDFC Ergo, ICICI Lombard, Bajaj Allianz, Cholamandalam & Universal Sompo)

NECTAR has been using satellite imagery and UAV acquired data for development of technology based Agricultural Crop Insurance product since 2015 Rabi season under Government of India " Pradhanmantri Fasal Bima Yojana " which has emphasis on use of mobile and satellite technology to facilitate accurate assessment and quick settlement of claims, a number of Crop Insurance companies were provided Agriculture Crop Analysis services from NECTAR for Agricultural crop Acreage & Productivity estimation and Damage Assessment in different geographical areas.

NECTAR has provided above services to insurance companies during both Kharif & Rabi for the year 2015-16 and 2016-17 (four crop seasons). About 50 Million hectares of crop land in different states of India has been covered. Village level analysis for Wheat, Paddy, Groundnut, Cotton, Bajra, Guar and Soyabean was done by the Centre. There were issues of crop loss due to poor rainfall / drought/ flooding and unreliable CCEs in few states i.e Tamilnadu, Maharashtra & Gujarat. The estimates provided by NECTAR were used by insurance companies and states as well to resolve the disputes /discrepancies

Fig 3(a): Plot level analysis & linking of ROR for Mohamadpur Rohi Village, Haryana

Fig 3(b): Wheat Productivity estimation with more than 90 % accuracy in Pataudi Tehsil of Haryana