Modified National Agricultural Insurance Scheme

The proposed scheme has following main features :-
(i) actuarial premiums will be paid for insuring crops and hence claims
liability will be on insurer;
(ii) unit area of insurance for major crops is village/village panchayat;
(iii) indemnity amount will become payable, for prevented sowing/planting
risks and for post harvest losses, due to cyclones;
(iv) on account payment up to 25% of likely claim under MNAIS will be
released as advance, for providing immediate relief to farmers;
(v) uniform seasonality norms will be applicable for both loanee and nonloanee farmers;
(vi) more proficient basis for calculation of threshold yield (average yield of
last seven years excluding upto two years of declared natural calamity)
will be applicable; and
(vii) minimum indemnity level in case of MNAIS of 70% will be, instead of
60% as in NAIS.

Please follow the link for detail.

http://www.aicofindia.com/AICEng/General_Documents/Product_Profiles/mNAIS.pdf