Farmers’ Opinion on Cost and Benefit of Agriculture Insurance

Agriculture development is an index of country’s progress because the all other sectors depends upon agriculture sector. But, affected by natural disasters. insurance only protective mechanism against perils present in agriculture. It largely solves problem farmers and hands farmers. The subscription success determined its cost benefit. If have positive opinion on benefit they will come forward to subscribe stabilize their wealth sustain economic growth nation This phenomenon, induce researchers stumble solution assess test significant difference farmers’ insurance. primary data collected from 600 availing within Tirunelveli District Indian State Tamil Nadu make in-depth study address above issues. respondents were selected adopting stratified random sampling technique. analyzed applying Percentage Analysis Sign test. revealed that green a beneficial plan face negative income shock at reasonable premium. majority felt has covered 0-50% risk. Test proved there benefits Technological adoption estimation loss crop yield, prompt settlement claims additional premium are suggested mission enhance vision Besides, it helps lead peaceful life them contribute more towards sustainable country.