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Area-yield crop insurance indemnifies the proportional shortfall between the threshold yield — usually a moving average of past yields times an indemnity level — and the actual yield assessed for the insurance unit, applied to the sum insured per hectare.
Shortfall ratio
Shortfall % = (Threshold yield - Actual yield) / Threshold yield
Claim
Claim = Sum insured per hectare x Shortfall % x Insured area
Indicative estimate only. Fees, entitlements, limits and formulas vary by jurisdiction, statute, policy wording and the facts of the case. This is not legal, tax, insurance or financial advice — confirm with a qualified professional or the relevant authority.
Under area-yield schemes it is based on the assessed yield for the defined insurance unit — a village or block — not your individual field.
The percentage of the average yield that is guaranteed, commonly 70%, 80% or 90% depending on the crop's risk classification.