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The policy provides cover for loss of or damage to the insured tree/fruits such as grape, citrus, banana, rubber, eucalyptus, tea, oil palm, orchids, roses etc.
Highlights
The policy provides cover for loss of or damage to the insured tree/fruits such as grape, citrus, banana, rubber, eucalyptus, tea, oil palm, orchids, roses etc.
Scope
Provides cover for loss due to
Fire (including forest fire and bush fire)
Lightning
Storm, Flood and Inundation
Riot, Strike and Terrorism
Exclusion
Loss due to
Loss by theft
Earthquake
Loss/damage due to insects, pests and diseases (unless specially covered)
Non-compliance with package of prescribed agricultural practices for the insured crop
Climatic variations, pollution, non-bearing fruits
Damage by birds, animals
Damage by plant supports, irrigation system, agricultural equipment
Period of Insurance
This period is for the crop duration (from planting to harvest) or one year whichever is shorter
Sum Insured
Sum Insured is based on the input costs i.e. cost of cultivation. Input costs are cost of manures, cost of pesticides, cost of ploughing and harvesting, labour cost of planting, cost of plant/seedlings etc.
