insurance product designed to compensate low-income Indian farmers in the event of insufficient rainfall during the primary … purchase the insurance, even though they overwhelmingly cite rainfall variability as their most significant source of risk. We … then conduct a series of randomized field experiments to test theories of why product adoption is so low. Insurance …

. Insurance take-up is found to be decreasing in basis risk between insurance payouts and income fluctuations, higher among …This paper describes the contract design and institutional features of an innovative rainfall insurance policy offered … to smallholder farmers in rural India and presents preliminary evidence on the determinants of insurance participation …