8/30/24, 8:22 PM Coconut Palm Insurance Scheme

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Coconut Palm Insurance Scheme

Ministry Of Agriculture and Farmers Welfare

Coconut Coconut Grower Farmer Insurance Palm

Check Eligibility

Details

The “Coconut Palm Insurance Scheme (CPIS)” is being implemented by the Coconut
Development Board, Ministry of Agriculture and Farmers Welfare, Government of
India with the objective of insuring coconut palms against natural calamities,
climatic risks, pests, diseases and other perils. Under this scheme, all healthy nut
bearing coconut palms in the age group from 4 years to 60 years in a contiguous
Details area (Mono/mixed) can be insured against natural perils leading to death/loss of
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palm/becoming unproductive. The scheme is being implemented in all coconut
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growing States through Agriculture Insurance Company and implementing State
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Governments. No new news and
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Objectives:
Eligibility
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 Share
Application
Process palms.

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8/30/24, 8:22 PM Coconut Palm Insurance Scheme

Minimize risk and encourage replanting and rejuvenation to make coconut

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Documents farming remunerative.
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Required Applicability:
The CPIS will be applicable to all healthy nuts bearing coconut palms; grown as
Frequently Asked mono or intercropped; on bunds farms or homestead and to all varieties of
Questions coconut, including Tall, Dwarf and Hybrids. Since, Dwarf and Hybrids begin to yield
fruit from 4th year of planting, this variety of coconut palms in age range of 4-60
year will be covered under the scheme, but Tall variety coconut palms will be
Sources And
eligible for coverage for age range of 7-60 year. Unhealthy and senile palms will be
References
excluded from coverage.
Risks covered: The scheme covers following perils leading to death/loss of palm or
Feedback palm becoming un-productive:

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

Exclusions:
No claims shall be payable under the scheme, if palm is lost due to operation of
peril insured is within ‘Franchise’ clause. Insurer will not be liable for any payment,
under this policy, for any expenses incurred by insure in connection with or in
respect of loss other than on account of perils insured. The insurance does not
cover following events, in so far as they are applicable, keeping in view scope of
insurance cover:

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8/30/24, 8:22 PM Coconut Palm Insurance Scheme

Loss by Theft, War, Invasion, Civil war. Rebellion, Revolution, Insurrection, Mutiny,
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Lock out, Malicious Damage, Conspiracy, Military/Usurped power, Civil
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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 insured and any one 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, up-rooting of palm traceable to chiselling of roots.

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

Sum Insured & Premium: Under this scheme, 50% of the premium is borne by the
Board and balance is shared between the State Government and Farmers @ 25%

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8/30/24, 8:22 PM Coconut Palm Insurance Scheme

each, as below:
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Age group Premium per Board’s
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of Palms plant/year Share (50%) Share (25%) Share (25%) per palm

4-15 years ₹9 ₹4.50 ₹2.25 ₹2.25 ₹900/-

16-60 years ₹14 ₹7 ₹3.50 ₹3.50 ₹1750/-

Premium Subsidy:

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.

Insurance Term:

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.

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8/30/24, 8:22 PM Coconut Palm Insurance Scheme

Effort will be made to ensure that all eligible farmers/growers join the scheme by
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31st March of year. However, those farmers/growers who do not join the scheme
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by 31st March may join the scheme subsequently, and in which case risk is
covered from 1st day of succeeding month.
Contingency Insured:

This insurance policy pays for total loss of palm on account of happening of perils
insured leading to death of insured palm or It’s becoming unproductive. In case,
death of palm is not immediate, payment of sum insured will be payable on
production of certificate from Coconut Development Board (CDB)/Agriculture /
Horticulture Department justifying cause for declaring palm unproductive. A palm
can be declared ‘unproductive’ only when further growth / rejuvenation of palm is
removed / possible after the same damaged by peril(s) insured, provided palm is
removed / felled by insured. In case farmer / grower wishes to retain unproductive
palm as it is (without felling), salvage value of 50% of sum insured will be deducted
from claim. In any case, loss of palm will have to be established to, occurrence of
peril insured.

Eligibility

Eligibility criteria:
1. 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.

Note 01: Insurance is for individual palms and not area-based.

Note 02: Partial insurance of the plantation is not allowed.

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8/30/24, 8:22 PM Coconut Palm Insurance Scheme

Note 03: A minimum of 5 healthy nut-bearing palms is the criterion to come under
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the insurance scheme.
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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:
The claim is assessed only if a number of palms damaged, due to perils insured are
in a contiguous area is more than the palms lost as shown for different slabs:

No. of Insured Palms in a

Sl. No. Franchise (Palms lost)
contiguous area

1 < 30 1

2 31-100 2

3 >100 3

Waiting period:

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8/30/24, 8:22 PM Coconut Palm Insurance Scheme

Loss/death of palms, within 30 days from inception of insurance, sum insured is not
payable under the scheme, butEnter scheme isname
this condition to
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Application Process

Offline

Application Process:
Farmers/growers desiring insurance may directly contact
representatives/authorized agents of the Insurance Company or may contact
the nearest office of the Agriculture/Horticulture Department. Premium will be
paid by farmer/grower, net off premium subsidy, through cash, cheque/bank
draft, drawn in favour of Insurance Company.

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

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8/30/24, 8:22 PM Coconut Palm Insurance Scheme

insurance company for each district, justifying cause for loss of palm, within
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15 days from the intimation of loss.
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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

Farmer/Grower who needs to insure his palms should submit the following

documents, as the case may be:

1. Identity proof of farmer

2. Proposal forms along with premium amount (Preferably DD)

3. 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
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8/30/24, 8:22 PM Coconut Palm Insurance Scheme

4. Declaration by a farmer that only healthy palms are insured.

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5. A rough sketch of the plantation with the land identification number of each plot
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and the number of palms therein, the palms should preferably be numbered.
6. Bank account details

7. 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?

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8/30/24, 8:22 PM Coconut Palm Insurance Scheme

Is there any premium subsidy provided

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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?

Sources And References

Official Website

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8/30/24, 8:22 PM Coconut Palm Insurance Scheme

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Last Updated On : 30/08/2024 | v-2.1.11

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