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Function Of NAIC


Provision of premium subsidy of up to 50% chargeable on selected crop and livestock insurance policies. The perils covered under the crops sub-sector are fire, lightning, windstorm, flood, droughts, pests and diseases. For livestock, the perils under cover include; death or injury caused by accidents, disease, fire, lightning, storm and flood.

Insurance coverage of equipments, assets and other properties which form part of the total farm investments at competitive commercial rates.
General Risks coverage including Fire and Special Perils, Burglary, Workmen Compensation, Goods-in-Transit, Bonds, etc.
Coinsurance Services

Provision of extension services to insured farmers and insured projects.

Payment of indemnity to insured farmers/clients after having suffered an insured loss.

Encouragement of  institutional lenders to lend more to agriculture through provision of added security to agricultural lending of commercial banks.

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