Scope of Cover and Covered Risks
Agricultural Insurance Pool provides coverage for such yield loss in wheat, barley, oat, rye, triticale, chickpea and green/red lentil and certificated seeds of these crops cultivated in dry farming 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).
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, the farmer 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. The insurance company or agency establish the policy in the system in accordance with the General Conditions and Tariffs & Instructions of State Supported District Based Drought Yield Insurance. At first the agency takes the Information Form in two copies from the system 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 District 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 within 1 month from the end of the policy at the latest.
Claim Notification / Loss Adjustment / Payment Process
The insured / insurant shall be under no obligation of declaration as for the claim notice in case risk occurrence. In case the district’s actual yield average is below the district’s yield value threshold in the pertinent year, all insured producers in the district shall be eligible to indemnity. Where the district’s actual yield average is equal to or above the district’s yield value threshold in the pertinent year, no indemnity shall be paid to the insured producers in the district.
Indemnity amount to be calculated following the determination of the yield average in the district shall be paid to the insured at the latest within 30 days following the policy termination date.