SCOPE OF COVERAGE AND COVERED RISKS
With this insurance, the Agricultural Insurance Pool, pursuant to Article 12 of the Agricultural Insurance Law No. 5363 and by Presidential decree, provides coverage for yield losses at the village level caused by drought, frost, hot winds and heat waves, excessive humidity, excessive rainfall, and risks excluding the hail package (hail, storm, whirlwind, fire, landslide, flood and inundation, earthquake, vehicle impact, wild boar and deer attack) in non-irrigated farming areas registered in the registration systems determined by the Ministry of Agriculture and Forestry, for wheat, barley, rye, oats, triticale, chickpeas, red lentils, green lentils, and oilseed sunflower products, as well as certified seed products of these crops, up to the threshold yield value of the village determined based on data from the Turkish Statistical Institute (TÜİK) and the Agricultural Insurance Pool.
The stem part of wheat, barley, rye, oats, and triticale products, and their certified seeds, can be optionally included in the coverage for an additional premium.
POLICY ISSUANCE
In order for the farmer to carry out insurance operations, they must first have registered or updated their records in the registration systems determined by the Ministry of Agriculture and Forestry regarding the land and product information for that year. The farmer who has updated their records in the registration systems determined by the Ministry of Agriculture and Forestry applies to the insurance company or agency that is a member of the Agricultural Insurance Pool (TARSIM) to insure their product. The insurance company or agency enters the system of Agricultural Insurance Pool (TARSİM) and makes inquiries regarding farmer’s information. In accordance with the General Terms and Conditions, Tariff, and Instructions, the agent issues the policy in the system. Policies are issued based on the results of a risk analysis when deemed necessary. 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.
PREMIUM PAYMENT
In Village Based Yield Insurance, 70% 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 and product, 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.