PMFBY is voluntary now, should I opt out if I never get a claim?

Since PMFBY became voluntary, loanee farmers are no longer auto-enrolled, and if you want to skip it you must give the bank a written opt-out before the cut-off date, otherwise the premium may still be deducted. Whether to skip depends on your risk, not just past payouts. The farmer-paid premium is capped at a small share for food and oilseed crops with the government paying the rest, so your out-of-pocket cost is usually low compared to the sum insured. If your area faces real weather risk, one bad year can wipe out far more than several years of premium, which is the point of insurance. If you are in a stable irrigated belt with rare losses, the value is lower. Look at your last several seasons and your crop's exposure before deciding, and remember area-based claims depend on the whole unit, not only your field. This is general information, not personal financial advice.