What This PMFBY Crop Insurance Calculator Does
Crop insurance is an important tool to protect farmers from losses caused by drought, flood, pests, disease, and other natural risks. This PMFBY Crop Insurance Calculator helps farmers estimate:
- The insurance premium they need to pay, and
- The final payable claim amount based on the percentage announced by the government under the Pradhan Mantri Fasal Bima Yojana (PMFBY).
The calculator is designed to be simple and practical. You only need to enter your crop details, area, scale of finance, and the government sanctioned claim percentage. The tool then shows you:
- Sum Insured (total insurance coverage for your crop)
- Farmer’s premium (your share of the insurance cost)
- Final claim amount you can expect to receive if the government announces a claim percentage for your crop and area
For example, if your sum insured is ₹10,000 and the government announces a 75% claim, the calculator will show a final payable claim of ₹7,500.
How the Premium Is Calculated
Under PMFBY, the farmer pays only a small fixed percentage of the sum insured:
- Kharif crops (soybean, cotton, rice, etc.): 2% of sum insured
- Rabi crops (wheat, gram, mustard, etc.): 1.5% of sum insured
- Cash / horticulture crops (sugarcane, banana, fruits, etc.): 5% of sum insured
The remaining premium is paid by the Central and State Governments together.
This calculator automatically applies the correct rate based on the crop season you select.
How the Claim Amount Is Calculated
In this calculator, the final payable claim is calculated using the government sanctioned claim percentage:
Final Payable Claim = Sum Insured × (Government Sanctioned Claim % ÷ 100)
This matches how claims are often announced in practice, for example:
- If 60% claim is announced for a crop in your area, you get 60% of the sum insured.
- If 75% claim is announced, you get 75% of the sum insured.
This makes it easy for farmers to quickly understand how much money they may receive.
What Information You Need to Enter
1) Crop and Coverage Details
- Crop name: Wheat, Rice, Soybean, Cotton, Maize, and more
- Crop season/type: Kharif, Rabi, or Cash/Horticulture
- Area (in hectares): How much land you have under this crop
- Scale of finance (₹ per hectare): As per your district notification
- Indemnity level: 70%, 80%, or 90% (shown for reference)
2) Yield Data (For Reference)
- Last 3 years’ yield of your area
- Actual yield this year
These values are shown to help you understand the risk and reference yields, but the final claim amount in this calculator depends on the government sanctioned percentage.
3) Claim Details
- Government sanctioned claim percentage:
For example, 25%, 50%, 60%, 75%, or 100%, as announced by the government for your crop and area.
Key Features of This Calculator
- Works for all major crops (wheat, rice, cotton, soybean, maize, etc.)
- Calculates sum insured automatically from area and scale of finance
- Applies correct PMFBY premium rate (2%, 1.5%, or 5%)
- Shows farmer’s premium to pay clearly
- Calculates final payable claim as a percentage of sum insured
- Includes yield information for reference and transparency
- Simple, fast, and farmer-friendly
How to Use the Calculator
- Select your crop name and crop season.
- Enter your area and scale of finance.
- Choose the indemnity level (for reference).
- Enter last 3 years’ yield and this year’s yield (optional, for reference).
- Enter the government sanctioned claim percentage.
- Click Calculate Premium & Claim to see the results.
PMFBY Crop Insurance Calculator (Premium & Claim)
This tool helps farmers calculate insurance premium and the final payable claim amount under Pradhan Mantri Fasal Bima Yojana (PMFBY). The final claim is calculated as a percentage of the Sum Insured as announced by the government.
1) Crop & Coverage Details
2) Yield Data (Last 3 Years – For Reference)
3) Claim Details
How to Read the Results
The results section shows you:
- Selected Crop: The crop you chose
- Sum Insured: Total insurance coverage for your crop
- Farmer Premium Rate: The percentage you need to pay (2%, 1.5%, or 5%)
- Farmer Premium to Pay: Your actual premium amount in rupees
Claim Information
- Average Yield (Last 3 Years): For reference
- Threshold Yield (Reference): Based on indemnity level
- Actual Yield: This year’s yield (for reference)
- Government Sanctioned Claim (%): The percentage announced by the government
- Final Payable Claim: This is the amount you can expect to receive, calculated as a percentage of the sum insured.
Important Points to Remember
- The final claim amount depends on the percentage announced by the government, not only on your individual field yield.
- Yield figures in this calculator are shown for understanding and transparency.
- Actual payments depend on official government notifications and assessments.
- In case of localized calamities or post-harvest losses, farmers usually need to report the damage within 72 hours.
Practical Tips for Farmers
- Always check the scale of finance for your crop and district before entering values.
- Keep a record of your insurance receipt and policy details.
- Follow official announcements for claim percentages in your area.
- Use this calculator to quickly estimate your premium and possible claim amount before and after the season.
Disclaimer
This calculator provides approximate estimates for educational and planning purposes only. Actual premium rates, sum insured, and claim amounts depend on official PMFBY guidelines, district-wise notifications, and government decisions. This tool should be used as a decision-support and information aid, not as a guarantee of payment.