Insurance Policy that cover risk of failure of well which includes shallow tube wells, dug-wells, filter points, bore wells etc., used for developing ground water. The well shall be deemed to have failed completely if it fulfills conditions as mentioned in the policy and the indemnity will include the expenditure actually incurred by farmers toward boring/digging of the well, net of margin money and/or subsidy received subject to 80% of the amount of admissible claim. Policy does not cover quality of water and structural failure, flood, earthquake and other convulsions of nature, riot and strike risks.