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Table 4 Summary of agricultural insurance products available in Ghana

From: Agricultural insurance access and acceptability: examining the case of smallholder farmers in Ghana

Type of insurance product

Aggregate yield shortfall insurance

(AYSI)

Area yield index insurance

(AYII)

Crop weather index insurance

(WII)

Remote sensing indexes

(RSII)

Single peril insurance

(SPI)

Named peril insurance

(NPI)

Multiple peril crop insurance

(MPCI)

Revenue insurance

(RI)

Poultry insurance

(PI)

Sub-sector

Crops (agriculture)

Livestock

Nature

Index parametric insurance

Conventional indemnity-based insurance

Availability on market

No

Yes

Yes

No

No

No

Yes

No

Yes

Targets

–

Under trial

Small holder farmers

–

–

–

Commercial farmers

–

Large scale

Indicator

–

Under trial

 < 20 ha

–

–

–

20 ha

–

5000 birds min

Premium

3–5% of input cost