Village Based Drought Yield Insurance
Scope of Cover and Covered Risks
Agricultural Insurance Pool provides coverage within the framework of General Conditions and Tariffs & Instructions for such yield loss, in wheat, barley, oat, rye, triticale, chickpea and green/red lentil and certificated seeds of these crops cultivated in non-irrigated areas registered to the Farmers Registry System (FRS), which is directly caused by drought, frost, hot wind, hot weather wave, excessive humidity, over precipitation and risks other than hail package (hail, storm, whirlwind, fire, landslide, flood, earthquake) throughout the village. Stem of wheat, barley, oat, rye, triticale and certificated seeds of these crops may optionally be covered with additional premium.
In order for the farmer to carry out the insurance operations, they must have updated the FRS (Farmer Registration System) records regarding the land and crop of that year. The farmer, who has updated his/her FRS records, applies to the insurance company or agency that is a member of the Agricultural Insurance Pool (TARSİM) to insure his/her crop. The insurance company or agency enters the system of Agricultural Insurance Pool (TARSİM) and makes inquiries regarding farmer’s information. For the issued policy, Clarification Text, Policy Information Form and Policy printouts within the scope of the Personal Data Protection Law (KVKK) are sent by TARSİM to our insureds as SMS or e-mail, depending on their preference. In case the insured prefers to take the printed policy; the agency takes the Clarification Text, Policy Information Form and Policy printouts within the scope of the Personal Data Protection Law (KVKK) from the system in two copies and gives one copy to the insured in return for his/her signature. Then the agency issues the policy as two copies and hand out the one to the policy holder / insured.
In Village Based Drought Yield Insurance, 60% of the premium written in the policy is subsidized by Government.
15% of the premium to be paid by the insured is taken in advance, the remaining premium is collected at the latest within 1 month from the end of the policy.
Claim Notification / Loss Adjustment / Payment Process
The policy holder / insured shall be under no obligation of declaration as for the claim notice in case of risk occurrence.
In case the village’s actual yield average is below the village’s yield threshold written in the policy in the pertinent year, all insured producers in the village shall be eligible for indemnity. Where the village’s actual yield average is equal to or above the village’s yield threshold in the pertinent year, no indemnity shall be paid to the insured producers in the village.
Indemnity amount to be calculated following the determination of the yield average in the village shall be paid to the insured at the latest within 30 days following the policy termination date.