Coconut Palm Insurance Scheme
CPIS
Department of Agriculture & Farmers WelfareGovernment of India
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.
What this scheme offers
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.
Eligibility at a glance
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.
Note 01: Insurance is for individual palms and not area-based.
Note 02: Partial insurance of the plantation is not allowed.
No claims shall be payable under the scheme if the palm is lost due to operation of peril insured is within the ‘Franchise’ clause.
Under this policy, the insurer will not be liable for any payment for any expenses incurred by the insured in connection with or in respect to loss other than on account of perils insured.
The insurance does not cover the following events, in so far as they are applicable, keeping in view the scope of insurance coverage:
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.