- Details
- Benefits
- Eligibility
- Exclusions
- Application Process
- Documents Required
- Frequently Asked Questions
- Sources And References
- Feedback
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Ministry Of Agriculture and Farmers Welfare
Coconut Palm Insurance Scheme
Details
Objectives:
- Assist coconut growers in insuring coconut palms, against natural and other perils.
- Provide timely relief to farmers, who suffer income loss due to sudden death of palms.
- Minimize risk and encourage replanting and rejuvenation to make coconut farming remunerative.
Applicability:
- Storm, hailstorm, cyclone typhoon, tornado, heavy rains.
- Flood and inundation.
- Pest and diseases of widespread nature causing, irreparable damages to palm.
- Accidental fire, including forest fire and bush fire, lightening.
- Earthquake, landslide and tsunami.
- Severe drought and consequential total loss.
States & Areas Covered:
- This insurance scheme will be implemented in the selected districts of all the States/UTs, growing coconut palms.
- All bearing and healthy palms will be insured, in a contiguous area, by farmer/grower and every effort will be made by CDB, to get all bearing and healthy palms insured, in cluster villages of district(s).
Benefits
Age group of Palms | Premium per plant/year | Board’s Share (50%) | State Govt. Share (25%) | Farmer’s Share (25%) | Sum insured per palm |
4-15 years | ₹9 | ₹4.50 | ₹2.25 | ₹2.25 | ₹900/- |
16-60 years | ₹14 | ₹7 | ₹3.50 | ₹3.50 | ₹1750/- |
- Of amount under above, 50% will be paid by Coconut Development Board (CDB) and 25% by State Government concerned and balance 25% will be paid by farmer/grower.
- In case, the State government does not agrees to bear 25% share of premium, farmers/growers, will be required to pay 50% of premium, if interested in insurance scheme. In case some planters/growers’ association wishes to bear the premium on behalf of planters/growers, such associations may do so if they have ‘insurable interest’.
- In any case, the planters/ growers shall have to bear a minimum of 10% premium. Premium subsidy amount (50% by CDB and 25% by participating States) will be released to Insurance Company in advance based on estimates, which will be replenished / adjusted on quarter/year basis.
- A policy can be issued for a maximum period of three years for which rebate in premium @7.5% for two year policy and 12.5% for three year policy will be provided to the planters/growers.
- Effort will be made to ensure that all eligible farmers/growers join the scheme by 31st March of year. However, those farmers/growers who do not join the scheme by 31st March may join the scheme subsequently, and in which case risk is covered from 1st day of succeeding month.
Eligibility
Eligibility criteria:
- As per the Scheme, individual farmers/growers offering at least 5 healthy nuts-bearing palms for insurance in specified age groups, (4-60 years for dwarf, hybrid, and 7-60 years for tall) contiguous area/plots will be eligible for insurance.
Scope of cover:
- The scheme will cover all healthy palms within the insurable age group in areas/districts selected for implementation of the scheme. Partial insurance of plantations in contiguous areas is not allowed. Insurance coverage is from the 4th/7th year to the 60th year, and split into two age groups i.e. 4-15 years and 16-60 years, for fixing premium and sum insured.
- Self-declaration of age group by insured farmer/grower in insurance proposal will be acceptable. Insurance Company may get the insured palms verified for authenticity, at any time before expiry of the policy period or payment of the claim. Insurance becomes void in the event of a wrong declaration of age or any material fact by the insured, concerning insurance.
Franchise:
Sl. No. | No. of Insured Palms in a contiguous area | Franchise (Palms lost) |
1 | < 30 | 1 |
2 | 31-100 | 2 |
3 | >100 | 3 |
Waiting period:
Exclusions
- Loss by Theft, War, Invasion, Civil War. Rebellion, Revolution, Insurrection, Mutiny, Lockout, Malicious Damage, Conspiracy, Military/Usurped Power, Civil Commotion, Confiscation, Requisition/Destruction/damage by order of any Government de-jure/de-facto/by any public/municipal/local authority, including damage due to power transmission.
- Nuclear reaction, nuclear radiation or radioactive contamination.
- Impact damage due to aircraft or other falling objects
- Wilful negligence of the insured and anyone acting on his behalf.
- Damage caused by human, bird or any animal action.
- Improper maintenance of palms.
- Palm becoming unhealthy & senile.
- Natural morality of the palm; uprooting of palm traceable to chiselling of roots.
Application Process
Application Process:
Claim assessment & settlement procedure:
- Loss of insured palms will be intimated by insured farmers to the insurance company within 15 (fifteen) days from the occurrence of peril, with all relevant details.
- The claims may also be intimated through concerned State Government Call Centers until the Implementing Agency (i.e. insurance company) sees up its own call centre. Loss assessment certification is required to be furnished by the Coconut Development Board (CDB)/Agriculture/Horticulture Department/State Agriculture University (SAU), as authorized by the insurance company for each district, justifying cause for loss of palm, within 15 days from the intimation of loss.
- The insurance company, at its discretion may send its representative to assess loss jointly with the agency designated to certify loss.
- The insurance company will release the claim to the insured farmer/grower within one month from the date, all relevant certified details of the claim are received in their office. Release of the claim amount, however, is subject to receiving a premium subsidy from both CDB and the concerned State.
- Insurance ceases to operate once a full claim is paid.
- Personal Accident cover for climbers registered with CDB/State government may be arranged with the public sector general insurance companies.
- The sum insured and the premium will be negotiated depending on the likely number of climbers to be insured.
Documents Required
- Identity proof of farmer
- Proposal forms along with premium amount (Preferably DD)
- Proof of land record / Plantation or a certificate issued by revenue authorities to Agri. Dept. / CDB / Horticulture Department, depending upon the practice in a State
- Declaration by a farmer that only healthy palms are insured.
- A rough sketch of the plantation with the land identification number of each plot and the number of palms therein, the palms should preferably be numbered.
- Bank account details
- Other documents as required by the board
Frequently Asked Questions
What is the 'Coconut Palm Insurance Scheme (CPIS)'?
What are the objectives of this scheme?
Who is eligible for coverage under CPIS?
How is the age range determined for coverage?
Which areas and states are covered under the scheme?
How is this scheme implemented?
How is the premium for CPIS determined?
Is there any premium subsidy provided to farmers?
Is there a waiting period for coverage under CPIS?
What happens if a farmer wishes to retain an unproductive palm without felling it?
Who is eligible to enroll in the Scheme?
Is the insurance based on individual palms or the entire plantation area?
Can a farmer opt for partial insurance of their coconut plantation?
How is the age group determined for insurance coverage?
How can a farmer/grower apply under the scheme?
News and Updates
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You have already submitted an application for this scheme. You may apply again only after 30 days i.e. after
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Check Eligibility
Ministry Of Agriculture and Farmers Welfare
Coconut Palm Insurance Scheme
Objectives:
- Assist coconut growers in insuring coconut palms, against natural and other perils.
- Provide timely relief to farmers, who suffer income loss due to sudden death of palms.
- Minimize risk and encourage replanting and rejuvenation to make coconut farming remunerative.
Applicability:
- Storm, hailstorm, cyclone typhoon, tornado, heavy rains.
- Flood and inundation.
- Pest and diseases of widespread nature causing, irreparable damages to palm.
- Accidental fire, including forest fire and bush fire, lightening.
- Earthquake, landslide and tsunami.
- Severe drought and consequential total loss.
States & Areas Covered:
- This insurance scheme will be implemented in the selected districts of all the States/UTs, growing coconut palms.
- All bearing and healthy palms will be insured, in a contiguous area, by farmer/grower and every effort will be made by CDB, to get all bearing and healthy palms insured, in cluster villages of district(s).
Share
News and Updates
No new news and updates available