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Family policy

Life insurance contract that insures all or several family members. Usually the husband is under a whole life arrangement and the rest of the family is under term insurance, as well as those born after issuance of the policy.

family practitioner (FP)

Medical doctor (MD) of the specialty of family medicine. He or she has usually completed a residency program in the specialty of family practice. Services may include internal medicine, pediatrics, and some surgical procedures. See general practitioner . Also called family practice physician .

Farm Income Insurance Scheme (FIIS)

FIIS was introduced on a pilot basis in 15 districts of 8 States for wheat and 4 districts of 3 States for rice during Rabi 2003-4 season. Scheme covered rice and wheat crops on homogeneous approach. Insurance unit could be an administrative unit such as a village panchayat, mandal, revenue circle, block, taluka or district and the scheme was compulsory for borrowing farmers and voluntary for non-borrowing farmers. The Government subsidized premium by 75% for small/marginal farmers and 50% for other farmers. Level of indemnity was 90% for low-risk areas and 80% for high risk areas. If the actual income (current yield x current market price) is lower than guaranteed income (average yield of 7 years × level of indemnity (80% or 90%) × MSP, the insured farmer receives the compensation.