Drought Insurance
Pays if the rain for your cover period falls below a 1-in-10 year drought
Available for farmers, buyers, sellers and other players in the agriculture industry
Pays up to 75% of the value of the crop
Based on rainfall data from the global satellite-based CHIRPS weather data set
WHY CHOOSE DROUGHT INSURANCE?
Climate change is causing more frequent and severe droughts, putting Vietnamese farmers' incomes at risk. Failed harvests have become common in recent years, and this trend is only set to worsen. It's time for farmers to take action and protect their livelihoods.
Drought insurance based on satellite-based weather data is an affordable and efficient solution for farmers. It automatically pays out if there is low rainfall over key growing seasons, ensuring financial protection for farmers of all sizes. Payouts are made within two months of the cover period, so farmers can rest easy knowing they're covered against the financial impact of drought.
