Anti-theft devices also get additional discounts while purchasing the policy.
Cashback of 20% of the sum assured payable in three installments during the tenure to the investor.
PMFBY was launched in 2016-17 with many improvements over the erstwhile crop insurance schemes.
Pradhan Mantri Jan Dhan account holders have crossed 44-crore mark.
This plan also offers an inbuilt critical illness benefit that covers for 15 critical illnesses.