A crop insurance calculator for the PMFBY premium
Under the Pradhan Mantri Fasal Bima Yojana (PMFBY) a farmer pays only a small, fixed share of the insurance premium and the Centre and State pay the rest. This crop insurance calculator works out that share for each crop you insure: 2% of the sum insured for kharif food grain and oilseed crops, 1.5% for rabi food grain and oilseed crops and 5% for annual commercial and horticultural crops — or the actuarial rate, if that is lower.
Enter the sum insured that your state has notified for the crop in your district, the area you sow, and the calculator shows the total sum insured, your premium and, if you know the actuarial rate, how the government subsidy splits between the Centre and the State. A second section estimates a yield-loss claim with the official threshold-yield formula.
How to use the crop insurance calculator
- Find the crop-wise sum insured for your district on your state notification, bank notice or the PMFBY portal, and choose whether it is per hectare or per acre.
- Choose the area unit — hectare, acre, bigha (set its size), guntha, cent or kanal.
- For each crop, type its name, choose its type (kharif, rabi or commercial/horticultural), the sum insured and your area. Leave unused rows empty.
- Tick Non-loanee farmer if you enrol yourself (premium rounded to the rupee). Optionally enter the actuarial premium rate to see the subsidy.
- Open Estimate a yield-loss claim to try the claim formula with seven years of yields, the indemnity level and this season’s actual yield.
Crop Insurance Calculator (PMFBY) features
Official farmer rates
2%, 1.5% and 5% of the sum insured as in Table 1 of the Revamped Operational Guidelines, capped at the actuarial rate.
Sum insured from your notification
Per-hectare or per-acre sum insured multiplied by your insured area, in any common Indian land unit.
Subsidy split
Centre and State shares at 50:50 or 90:10, with the Centre’s share limited to actuarial rates of 25% (irrigated) or 30% (rainfed).
Claim estimate
Threshold yield from the best five of seven years × indemnity level, then the shortfall formula.
Several crops
Up to three crops at once, with a combined premium.
Crop insurance calculation formula
Sum insured = notified sum insured per hectare × insured area in hectares. The notified figure is either the scale of finance for the crop or the notional average yield × MSP (or farm-gate price), fixed by the state for each district and crop.
Farmer’s premium = sum insured × 2% (kharif), 1.5% (rabi) or 5% (commercial/horticultural), or × the actuarial rate when it is lower.
Example. Paddy in kharif with a sum insured of ₹60,000 per hectare on 2 hectares: sum insured ₹1,20,000, premium 2% = ₹2,400. If the insurer’s actuarial rate is 10%, the full premium is ₹12,000 and the government pays the other ₹9,600 — ₹4,800 each by the Centre and the State.
Premium rates payable by the farmer
Source: Revamped Operational Guidelines of PMFBY, Table 1 (effective from Kharif 2020; checked 19 October 2026). In 2026 the scheme was being appraised for the next five-year cycle, so look at your state’s notification for the current season’s crops, rates and cut-off dates.
| Season | Crops | Farmer pays (of sum insured) |
|---|---|---|
| Kharif | All food grains (cereals, millets, pulses) and oilseeds | 2.0% or actuarial rate, whichever is less |
| Rabi | All food grains (cereals, millets, pulses) and oilseeds | 1.5% or actuarial rate, whichever is less |
| Kharif and rabi | Annual commercial and annual horticultural crops | 5% or actuarial rate, whichever is less |
How a yield-loss claim is worked out
For wide-spread yield loss the claim is calculated for the whole insurance unit: (threshold yield − actual yield) ÷ threshold yield × sum insured. The threshold yield is the average of the best five of the last seven years’ yields multiplied by the indemnity level — 70%, 80% or 90%, set by the state. In the guidelines’ wheat example, yields of 4,500, 3,750, 2,000, 4,250, 1,800, 4,300 and 1,750 kg/ha give a best-five average of 3,760 kg/ha and threshold yields of 3,384, 3,008 and 2,632 kg/ha. If the actual yield from crop cutting experiments is 2,500 kg/ha at 80%, the shortfall is 16.9% of the sum insured.
Localised calamities, prevented sowing and post-harvest losses are assessed differently and are not covered by this estimate.
Crop Insurance Calculator (PMFBY) FAQ
How is the crop insurance premium calculated?
Multiply the notified sum insured per hectare by your area to get the total sum insured, then take 2% of it for kharif food and oilseed crops, 1.5% for rabi and 5% for commercial or horticultural crops. The crop insurance calculator does this for each crop.
What is the PMFBY premium per acre?
It is the sum insured per acre × the rate. With a sum insured of ₹24,000 per acre for wheat in rabi, the farmer pays 1.5% = ₹360 per acre.
Who pays the rest of the premium?
The Centre and the State share the subsidy 50:50 (90:10 in North-Eastern states). The Centre’s share applies only up to an actuarial rate of 25% in irrigated and 30% in rainfed districts; above that the State pays.
Is the rate different in Karnataka or other states?
The farmer’s maximum rates are national, but each state notifies its own crops, insurance units, sum insured and dates, and a few states pay part or all of the farmer’s share. Use your state’s notified figures.
Is crop insurance compulsory for loanee farmers?
No. Enrolment has been voluntary for all farmers since Kharif 2020; loanee farmers can opt out by informing their bank before the cut-off date.
Is this the final premium?
No. It is an estimate from the published rules. Your bank, Common Service Centre, insurer or the PMFBY portal shows the final amount when you enrol.