- Details
- Benefits
- Eligibility
- Exclusions
- Application Process
- Documents Required
- Frequently Asked Questions
- Sources And References
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Telangana
Rythu Bima Scheme
Crop Insurance Scheme
Economic And Social Security
Farmers Group Life Insurance Scheme
Farmers Group Life Insurance Scheme
Financial Assistance To Farmers
Financial Security Of Farmers
Insurance Scheme For Farmers
Welfare Of Farming Community
Details
In order to ensure the economic and social security of the farmers, the Government of Telangana has conceptualized and implementing an innovative scheme named as Farmers Group Life Insurance Scheme (Rythu Bima) in addition to other initiatives in the agriculture sector.
Here are some key details about the Rythu Bima Scheme of Telangana:
Eligibility: Farmers in the state of Telangana are eligible to apply for the Rythu Bima Scheme.
Implementation: The scheme is implemented by the Department of Agriculture, Government of Telangana
Premium: The premium for the scheme is 2% of the sum insured for non-loanee farmers and 1% of the sum insured for loanee farmers. The government of Telangana provides a subsidy of 75% of the total premium amount for all farmers.
Sum insured: The sum insured under the scheme is based on the value of the crop and the area cultivated. The minimum sum insured is Rs. 5,000 per acre, and the maximum sum insured is Rs. 1,50,000 per acre.
Coverage: The Rythu Bima Scheme covers crops such as paddy, cotton, maize, chilies, turmeric, and other vegetables and fruits.
Claims: In case of crop damage, the farmer can claim compensation equal to the sum insured. The claim process is simple, and the payment is made directly to the farmer's bank account.
The main objective of the Farmers Group Life Insurance Scheme (Rythu Bima), is to provide financial relief and social security to the family members/ dependents, in case of the loss of a farmer’s life due to any reason. In the event of the loss of the farmer's life, their families are facing severe financial problems even for their day-to-day needs.
The farmer's Group Life Insurance Scheme ensures financial security and relief to the bereaved members of the farmer’s family. Farmers in the age group of 18 to 59 years are eligible for enrollment under the scheme. The entire premium is paid by the government to the Life Insurance Corporation of India (The largest public sector PSU for Insurance in India).In the event of the death of the enrolled farmer due to any cause including natural death, the insured amount of 5.00 Lakhs INR (Approx. USD 6928) is deposited into the designated nominee account within (10) days.
Overall, This scheme has a tremendous impact on the lives of the bereaved families and helps their livelihoods since most of them are resource-poor small farmers and belong to weaker sections of society. The Rythu Bima Scheme is a significant step towards ensuring the financial security of farmers in Telangana. Moreover, Scheme aims to provide financial security to the farmers' families in the event of their untimely demise or disability, thus providing them with peace of mind and reducing their financial burden.
Benefits
The Rythu Bima Scheme of Telangana offers several benefits to farmers and their families:
Beneficiaries: Farmers in the state of Telangana are eligible to apply for the Rythu Bima Scheme.
Financial assistance in case of death or disability: The scheme provides financial assistance of Rs. 5 lakhs to the families of farmers who have registered for the scheme and paid the premium, in case of their death or permanent disability due to an accident or any other natural calamity.
Coverage for all farmers: The scheme covers all farmers between the ages of 18 and 60 years, including tenant farmers, and the premium is subsidized by the government.
Affordable premium: The premium amount is Rs. 1,200 per annum for each farmer, of which Rs. 900 is paid by the government and the remaining Rs. 300 is paid by the farmer, making it an affordable option for farmers.
Hassle-free claim settlement: The scheme is being implemented through the Life Insurance Corporation of India (LIC) and the claims will be settled within 10 days of the receipt of the claim, making the process hassle-free for the beneficiaries.
Peace of mind: The scheme provides farmers and their families with peace of mind and reduces their financial burden in case of their untimely demise or disability.
Premium: The premium for the scheme is 2% of the sum insured for non-loanee farmers and 1% of the sum insured for loanee farmers. The government of Telangana provides a subsidy of 75% of the total premium amount for all farmers.
Sum insured: The sum insured under the scheme is based on the value of the crop and the area cultivated. The minimum sum insured is Rs. 5,000 per acre, and the maximum sum insured is Rs. 1,50,000 per acre.
Coverage: The Rythu Bima Scheme covers crops such as paddy, cotton, maize, chilies, turmeric, and other vegetables and fruits.
Claims: In case of crop damage, the farmer can claim compensation equal to the sum insured. The claim process is simple, and the payment is made directly to the farmer's bank account.
The farmer's Group Life Insurance Scheme ensures financial security and relief to the bereaved members of the farmer’s family. Farmers in the age group of 18 to 59 years are eligible for enrollment under the scheme. The entire premium is paid by the government to the Life Insurance Corporation of India (The largest public sector PSU for Insurance in India).In the event of the death of the enrolled farmer due to any cause including natural death, the insured amount of 5.00 Lakhs INR (Approx. USD 6928) is deposited into the designated nominee account within (10) days.
Eligibility
The eligibility criteria for the Rythu Bima Scheme of Telangana are as follows:
Farmer: The scheme is applicable to all farmers in the state of Telangana.
Age: The farmer should be between 18 to 60 years of age to be eligible for the scheme.
Landholding: There is no minimum landholding requirement for the farmer to be eligible for the scheme.
Bank account: The farmer should have a bank account in their name and it should be linked to their Aadhaar card.
Premium payment: The farmer should pay the required premium amount to register for the scheme. The premium amount is Rs. 1,200 per annum, of which Rs. 900 is paid by the government, and the remaining Rs. 300 is paid by the farmer.
Registration: The farmer should register for the scheme by submitting the necessary documents, including an Aadhaar card, bank account details, and land ownership documents.
It is important to note that tenant farmers are also eligible for the scheme. They need to provide proof of cultivation and share the premium amount with the landowner in a pre-agreed ratio.
Eligibility criteria in order to avail of the benefits of the scheme.
- The farmers must be from Telangana state.
- The scheme is only applicable to farmers.
- To prove their residence, the farmer must possess a Domicile certificate of the state under his name.
- The farmers must belong to the age group of 18-59 years to avail of the scheme as of July 1st of the current financial year.
- The age of the applicant will be verified as the age described on his/her Aadhar Card.
- The applicant can apply for a single policy only.
- The applicant must own some piece of agricultural land under his/her name.
- Lateral entry: In any case of issues regarding the mutation of land or issue of a fresh passbook to the purchase and the purchaser will be considered enrolled in the scheme if not enrolled already.
Exclusions
The Rythu Bima Scheme of Telangana has certain exclusions in the Bima Scheme, which means that the scheme does not provide coverage in certain following cases:
a. Death or disability due to suicide: The scheme does not cover death or disability due to suicide by the farmer.
b. Death or disability due to drug abuse: The scheme does not cover death or disability due to drug abuse by the farmer.
c. Death or disability due to war or terrorism: The scheme does not cover death or disability due to war, terrorism, or any other act of aggression.
d. Death or disability due to criminal activity: The scheme does not cover death or disability due to the farmer's involvement in any criminal activity.
e. Death or disability due to natural causes: The scheme does not cover death or disability due to natural causes like old age or any disease.
f. Death or disability due to pre-existing conditions: The scheme does not cover death or disability due to any pre-existing medical conditions.
It is important to note that the exclusions of the Rythu Bima Scheme are subject to change and can be modified by the government from time to time.
Application Process
Online
The application form to avail of the scheme is available on the official portal of the scheme. To apply for the Rythu Bheema Pathakam scheme, the beneficiaries need to follow the following procedure.
1. The applicant must visit the official website of the Rythu Bandhu (link provided below). Next, click on the Rythu Bima icon.
2. You will be redirected to the official portal of the Rythu Bima Pathakam.
3. Search for the “Claim Form Download” on the right side of the page under the Notifications section.
4. Clicking on the link, a claim form will be downloaded to your system in MS Word form.
5. The applicants need to take the printout of the form.
6. Fill up the form providing all the correct information.
7. Submit the duly filled form either at the hospital while taking possession of the dead body or to the nearest LIC office.
8. The funds will be transferred to the applicant’s account in the course period of 10 days.
Link: http://rythubandhu.telangana.gov.in/
Documents Required
TS Rythu Bheema Pathakam Documents Required Claim Form
1. Death Certificate of the Farmer
2. Aadhar Card of the deceased Farmer
3. Aadhar Card of the applicant
4. First page of the bank passbook
Frequently Asked Questions
What is the Rythu Bima Scheme?
The Rythu Bima Scheme is an agricultural insurance scheme launched by the Government of Telangana to provide insurance coverage and financial assistance to farmers in case of their death or permanent disability due to an accident or natural calamity.
Who is eligible for the Rythu Bima Scheme?
All farmers between the age of 18 and 60 years in Telangana are eligible for the Rythu Bima Scheme. There is no minimum landholding requirement to be eligible for the scheme.
What is the premium amount for the Rythu Bima Scheme?
The premium amount for the Rythu Bima Scheme is Rs. 1,200 per annum, of which Rs. 900 is paid by the government, and the remaining Rs. 300 is paid by the farmer.
What is the insurance coverage provided by the Rythu Bima Scheme?
The Rythu Bima Scheme provides an insurance cover of Rs. 5 lakh in case of the insured's death or permanent disability due to an accident or natural calamity.
What are the documents required to register for the Rythu Bima Scheme?
The documents required to register for the Rythu Bima Scheme include the farmer's Aadhaar card, bank account details, and land ownership-related documents.
What is the process to claim insurance benefits under the Rythu Bima Scheme?
In case of the insured's death or permanent disability, the nominee or legal heir of the insured can make a claim to the insurance company by submitting the required documents, including a death certificate or disability certificate, and other relevant documents.
Is the Rythu Bima Scheme applicable to tenant farmers?
Yes, tenant farmers are also eligible for the Rythu Bima Scheme. They need to provide proof of cultivation and share the premium amount with the landowner in a pre-agreed ratio.
Sources And References
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You need to login before applying for schemes
Apply Via:
You need to login before applying for schemes
Apply Via:
Check Eligibility
Telangana
Rythu Bima Scheme
Crop Insurance Scheme
Economic And Social Security
Farmers Group Life Insurance Scheme
Farmers Group Life Insurance Scheme
Financial Assistance To Farmers
Financial Security Of Farmers
Insurance Scheme For Farmers
Welfare Of Farming Community
Details
Benefits
Eligibility
Exclusions
Application Process
Documents Required
Frequently Asked Questions
In order to ensure the economic and social security of the farmers, the Government of Telangana has conceptualized and implementing an innovative scheme named as Farmers Group Life Insurance Scheme (Rythu Bima) in addition to other initiatives in the agriculture sector.
Here are some key details about the Rythu Bima Scheme of Telangana:
Eligibility: Farmers in the state of Telangana are eligible to apply for the Rythu Bima Scheme.
Implementation: The scheme is implemented by the Department of Agriculture, Government of Telangana
Premium: The premium for the scheme is 2% of the sum insured for non-loanee farmers and 1% of the sum insured for loanee farmers. The government of Telangana provides a subsidy of 75% of the total premium amount for all farmers.
Sum insured: The sum insured under the scheme is based on the value of the crop and the area cultivated. The minimum sum insured is Rs. 5,000 per acre, and the maximum sum insured is Rs. 1,50,000 per acre.
Coverage: The Rythu Bima Scheme covers crops such as paddy, cotton, maize, chilies, turmeric, and other vegetables and fruits.
Claims: In case of crop damage, the farmer can claim compensation equal to the sum insured. The claim process is simple, and the payment is made directly to the farmer's bank account.
The main objective of the Farmers Group Life Insurance Scheme (Rythu Bima), is to provide financial relief and social security to the family members/ dependents, in case of the loss of a farmer’s life due to any reason. In the event of the loss of the farmer's life, their families are facing severe financial problems even for their day-to-day needs.
The farmer's Group Life Insurance Scheme ensures financial security and relief to the bereaved members of the farmer’s family. Farmers in the age group of 18 to 59 years are eligible for enrollment under the scheme. The entire premium is paid by the government to the Life Insurance Corporation of India (The largest public sector PSU for Insurance in India).In the event of the death of the enrolled farmer due to any cause including natural death, the insured amount of 5.00 Lakhs INR (Approx. USD 6928) is deposited into the designated nominee account within (10) days.
Overall, This scheme has a tremendous impact on the lives of the bereaved families and helps their livelihoods since most of them are resource-poor small farmers and belong to weaker sections of society. The Rythu Bima Scheme is a significant step towards ensuring the financial security of farmers in Telangana. Moreover, Scheme aims to provide financial security to the farmers' families in the event of their untimely demise or disability, thus providing them with peace of mind and reducing their financial burden.
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