Explanation:

National Agricultural Insurance Scheme replacing Comprehensive Crop Insurance Scheme was introduced in the year 1999.
Features:
• Actuarial premium rates are charged with a provision of subsidy upto 75%, which is shared by the Central and State Governments on 50: 50 basis;
• Entire liability of claims is on the implementing insurance companies;
• It is compulsory for loanee farmers and optional for non-loanee farmers;
• Risk coverage for pre-sowing/prevented sowing and post harvest losses due to cyclone in coastal areas;
• on account payment up to 25% advance of likely claims as immediate relief in the areas which suffered atleast 50% crop yield loss;
• More proficient basis for calculation of threshold yield;
• Two higher indemnity levels of 80% & 90% instead of earlier 70%, 80% & 90%;
• Reduction in Unit Area of Insurance to village/ village Panchayat level; and
• Private insurance companies have been involved to provide the benefits of competition.