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Unified Package Insurance Scheme

Complete financial protection for people living in the agriculture sector

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Please check Terms and Conditions.

Please check Terms and Conditions.

Unified Package Insurance Scheme (UPIS)

Benefits of Buying Unified Package Insurance Scheme

Unified Package Insurance Scheme aims at providing financial protection to citizens associated with the agriculture sector.

What it covers?

  • Crop Insurance: PMFBY/RWBCIS – State can choose any of these two or both. Coverage would be as per the standard guidelines of Pradhan Mantri Fasal Bima Yojna (PMFBY) or Restructured Weather Based Crop Insurance Scheme (RWBCIS) as applicable.

  • Personal Accident Insurance - Accident Insurance Scheme offering accidental death and disability cover for death or disability on account of an accident. Coverage is as per Pradhan Mantri Suraksha Bima Yojana (PMSBY) guidelines of the Government of India.

  • Life Insurance –Life insurance scheme with coverage as per Pradhan Mantri Jeevan Jyoti Bima Yojna (PMJJBY): (This component is not applicable for IFFCO-TOKIO/General Insurers)

  • Building and Contents Insurance (Fire and allied perils): Indemnifies loss or damage to building/contents against fire and allied perils

  • Agriculture Pump set Insurance (Up to 10 Horse Power) - The Insurance covers the Centrifugal pump sets (electrical and diesel) up to 10 Horsepower capacity which is used for agricultural purposes only.

  • Student Safety Insurance - Covers accidental death or disability of students. In case of death of Father or Mother, the Claim amount to be converted into Fixed Deposit in the name of the student till attainment of adulthood.

  • Agricultural Tractor Insurance - As per the provisions, terms, exceptions, conditions, and endorsements as per standard Motor Policy.

The cover will be for one full year except for Crop Insurance (which will be bi-annual separately for Kharif and Rabi seasons) renewable from year to year. The Loanee farmers will be covered through Banks/Financial Institutions whereas non-loanee farmers shall be covered through banks and/or insurance intermediaries.

The Company shall not be liable in respect of:

  • Loss or damage, liability or expenses whether directly or indirectly, occasioned by happening through or arising from any consequences of war, invasion, act of foreign enemy, hostilities (whether war be declared or not) civil war, rebellion, revolution, insurrection, mutiny, military, or usurped power or civil commotion or loot or pillage in connection herewith.

  • Loss or damage caused by depreciation or wear and tear

Consequential loss of any kind or description.

  • Loss or damage directly or indirectly caused by or arising from or in consequence of or contributed to by nuclear weapons material.

  • This Insurance does not cover loss or damage directly or indirectly caused by or arising from or in consequence of or contributed to by ionizing radiation or contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel. For the purpose of Condition 4 (b), the only combustion shall include any self-sustaining process of nuclear fission.

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