Crop Insurance Loan scheme (CLIS)

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 Crop Insurance Loan scheme (CLIS) By State Bank of Pakistan

Crop Loan Insurance Scheme (CLIS) a product designed by State Bank of Pakistan (SBP) to protect small farmers. This product is offered by all Commercial and Microfinance Banks in Pakistan and according to SBP directive following perils are covered under this program.

Crops Covered: 

Major field crops for-example Wheat, Rice, Sugarcane, Maize and Cotton.

Perils/ Risks Covered:

  1. The insurance covers natural calamities like excessive rain, hail-storm, frost, cyclone, flood, drought, and crop diseases, infestation, etc.
  2. Crop diseases like viral and bacterial attacks, or any other damage caused to the produce by infestation like locust attack, etc.
  3. Maximum Indemnity is three times of premium paid to a particular insurance company during the period.
  4. Borrowers having landholding up to twenty five acres (thirty two acres in case of Balochistan) are eligible under the scheme.

Indemnification: 

 A valid claim (as mutually agreed between the bank and the insurance company) under the scope of cover will be payable subject to the following:

  1. The Insured Crop is situated in an area declared as Calamity Affected by the respective Provincial Government or Revenue Authority
  2. Damage to the crop was due to any of the insured perils

Please contact your concern branch of bank in case of claim.

Read More About Crop Insurance 

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