Plantation/Horticulture Insurance

UNDERWRITING INSTRUCTIONS
This policy can be issued to cover the following plantations/Horticulture crops.

(a) Horticulture Crops:
(i) Grape
(ii) Citrus (Orange, Lime, Sweet Lime)
(iii) Chikoo
(iv) Pomegranate
(v) Banana

b) Plantation Crops:
(i) Rubber
(ii) Eucalyptus
(iii) Poplar
(iv) Teak Wood

(c) Sugarcane:
(d) Mangium
(e) Vanilla
(f) Areconut
(g) Cocoa

Business in respect of the above mentioned crops/plantations shall be underwritten strictly in accordance with the following stipulations:

(a) Insured: Individual farmer whether owner or tenant engaged in cultivation of one or more of the crops specified in (1) above. However, a policy may be issued in the name of an Association or an organised and registered body of farmers engaged in cultivation of the specified crops where such association/body has been formed and is functioning for the purpose of procurement of inputs, processing/marketing of the produce and or any other allied purpose(s) provided particulars of each member-farmer are recorded in a schedule (to be attached to and forming part of the policy) in a manner that in the event of loss, claims can be assessed and settled on individual basis.

(b) Subject-matter to be covered: The policy shall cover (and claims shall become payable in the event of) loss or damage to
(i) Fruits-in respect of crops listed in 1 (a) above.

(ii) Trees- in respect of crops listed in 1 (b) above (shoots in case of Sugarcane crop) due to occurrence of any of the perils specified. in (d) below.

Period of Insurance: Crop duration or twelve months (one year) whichever is shorter, subject to the following:

(i) Period of insurance in respect of Sugarcane crop shall be extendable by such period beyond twelve months (upto a maximum of eighteen months) as may be necessitated by the variety (e.g. Adsali) grown. This will, however, entail additional premium on pro-rata basis for such period as may be in excess of twelve months.

(ii) In respect of Rubber, Eucalyptus, Poplar and Teak-wood where plants are first required to be raised in nurseries and then fields, the period of insurance shall commence after expiry of twelve months from transplanting (nurseries are not covered).

Perils to be covered: The policy shall cover and indemnify the insured (in accordance with the claim assessment procedure to be finalized and communicated shortly hereafter) to the extent of loss or damage to the insured tree/fruits (whichever is applicable depending on the crop insured) occasioned by operation of any one or more of the following perils either in isolation or in concurrence:

(i) Fire (including Forest fire and Bush fire)
(ii) Lightning
(iii) Storm, Hailstorm, Cyclone, Typhoon, Tempest, Hurricane, Tornado whilst in direct and immediate operation over the insured area.
(iv) Flood and inundation (Inspection report is necessary to cover these risks)
(v) Riots and Strike
(vi) Acts of Terrorism

Excess
The Insured shall bear first 20 percent of the amount of each and every loss as determined above, that is only 80% of such loss subject to other terms and conditions of the policy.

Deductions
Losses due to any or all the excluded peril and/or improper maintenance will be quantified and the said sum will be deducted from the loss assessed to arrive at the net loss payable