Green Delta Insurance Company Limited has recently declared an amount of BDT 150,000 as a claim to be paid to the Haor farmers under its Index-Based Crop Insurance scheme.
A total of 316 Boro farmers of Tahirpur, Sunamganj Haor Area were under the protection of Index-Based Crop Insurance, issued by Green Delta, from 28th April to 22nd May; when the Super Cyclonic Strom "Amphan" hit Bangladesh on 20th May.
"Green Delta believes Index-Based Crop Insurance can be a significant risk-mitigating tool for the poverty-stricken farmers and can make them financially strong through it. The insurance coverage in the system will also strengthen the infrastructure and the economy," said a statement.
Green Delta and its distribution channel partner OXFAM Bangladesh and local associate Sancred Welfare Foundation (SWF) insured 316 farmers of Tahirpur, Sunamganj area on 28th April 2020 as a pilot basis. This initiative was taken in compliance with a recent directive of Prime Minister Sheikh Hasina under the supervision of the Financial Institutions Department of the Ministry of Finance to stand by the farmers who are at risk of financial loss in flood-prone Haor areas.
Every farmer of the country will be under the coverage of insurance to strengthen the economic base of the teeming millions, Green Delta Insurance hoped.
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