Multi-Peril Crop Insurance
The insurance Cover targets | Cereals: maize, wheat, barley, rice, sorghum, oats, rye corn, triticale, canary seed, millet etc.
Pulses: beans, Pea, sunflower, canola, lentil, vetch, kale, mustard, lupin, safflower, and Linseed among other dicotyledonous crops.
Horticultural crops: Vegetables, fruits and cut flowers |
Period | Seasonal crop cover (starts from germination to harvesting) |
Summary of Risks Covered | The insurance covers for physical loss or damage to growing crop directly caused by:-
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Basic Extensions | The following can be added to the cover for farmers who have transport and storage:- – Transit risks from the farm to the store or to a recognized buyer within the country – Storage Risks – temporary cover while the crop is stored at the farm or an agreed storage facility These extensions do attract some additional premium, which are also competitive. |
Basis of Cover | The farmer can take insurance for the following:- – Production/input costs – Value of expected harvest based on the long term average yield |
Yield Guarantee | 65% of the long-term average yield of each farmer on average. |
Territorial limits | Kenya |