Insurance Of Fish In Ponds

APPLICABILITY
This is applicable to fry/fingerlings, fish and stock, ponds and breeders in fresh water only and not to marine fisheries or to brackish water fish. Fish of rohu, katla, mrigal, common carp, silver carp and other recognized breeds are covered.

PERIOD OF INSURANCE
The entire period of crop since the period varies from 3 to 12 months.
(a) Fry to fingerlings-3 months period in rearing pond.

(b) Fingerlings to fish stage -12 months period in stocking pond.

(c) Breeders (age 1 yr to 5 yrs.) 12 months period in breeder ponds.

Under b-Policy period is strictly for 24 fortnights from releasing of fingerling in pond i.e. if insurance is offered at 400 gms weight (8th fortnight), policy period will automatically be for 17 fortnights only not 24 fortnights.

This will ensure that if there is flood after harvest i.e. after 24th fortnight, the insured cannot prefer a false claims as the policy will cease with 24th fortnight. If there is no such limitation, possibility of false claims after harvest in the event of flood may continue

SCOPE OF COVER
The policy covers only total loss of fry/fingerlings/fish due to an accident or disease contracted or occurring during the period of insurance. Partial loss or any kind is not covered. There is no short period policy. The policy will be for one crop only. The policy cover should not be extended beyond the period stated above even with an extra premium. The policy should be taken within 1 month from the date of stocking i.e. no policy should be given to the farmers/bankers who approach for insurance after one month from the date of stocking of fry/fingerlings/breed fish. The basic cover does not include flood and allied risks. Hence additional premium should be collected for deleting that exclusion from the policy.
The cover is wide enough to include epidemics, pollution, poisoning, malicious act by third parties, riot and strike, flood and such other natural calamities are covered as an extension by payment of extra premium only. Terrorism is also covered without additional premium.

Short Period Policy
This insurance is for crop. Even if the policy is taken at 600 gms. And the policy period is 6 and half months, full premium should be collected and short period rates should not be applied.

EXCLUSIONS

1. Malicious or willful injury, poisoning, negligence, error or omission by the insured or is family members or employees.

2. Any loss or damage caused by improper management, rough handling of the fry/fingerlings/fishes.

3. Partial loss of any kind.

4. Any loss or damage caused by fluctuations of temperature, under growth, worm infestation such as mono genetic trematodes, digenetic trematodes, cestode parasites, nematode parasites, fish leaches, etc.

5. Any loss or damage due to the chemical status of the soil, physical and chemical status of the water, Ph-factor, low water levels, asphyxia.

6. Any loss or damage due to infidelity of any person, natural mortality, burglary, poaching and theft, clandestine sale or missing of fishes.

7. Any loss or damage while cleaning of ponds or changing of water or during transit by any means or any permanent or partial disablement of any nature.

8. Any consequential loss arising in any way whatsoever.

9. Transit by any mode.

10. Losses due to predators, competitors, weed fishes and insects diseases.

11. Death occurring within 15 days from the inception of the policy due to disease.

12. Flood, cyclone, storm, tempest, inundation and allied risks unless specifically covered on payment of additional premium.

13. War, invasion, act of foreign enemy, hostilities (whether war be declared or not) civil war, rebellion revolution, insurrection, mutiny, military or usurped power or any consequence thereof or attempt thereat.

14. Losses due to sampling of the fish which is carried out for the purpose of better growth of fingerlings.

Accidents, loss, destruction, damage or legal liability directly or indirectly caused by or contributed to by or arising from nuclear weapon material