Fisheries Insurance Policy

In India, insurance companies and Government has introduced various insurance schemes to support fishermen and protect them against losses due to natural disasters, accidents, or other unforeseen events. Here are some key features of fisheries insurance policies:

Pradhan Mantri Matsya Sampada Yojana (PMMSY)

- Launched in 2020, PMMSY aims to enhance fish production, productivity, and quality.
- Insurance coverage for fishermen, including accidental death and disability.
- Coverage for fishing vessels, nets, and gear against loss or damage.

National Fisheries Insurance Scheme

- Provides financial support to fishermen in case of losses due to:
• Natural disasters (e.g., floods, cyclones)
• Accidents (e.g., boat capsize)
• Fishing gear damage

- Covers fishing vessels, nets, and gear. Other insurance schemes for fisheries include:
• Group Accident Insurance Scheme: Covers accidental death and disability for fishermen.
• Crop Insurance for Aquaculture: Protects against losses due to disease, pests, or natural disasters.

To get a fisheries insurance policy, you can contact us