Tea Plantation Insurance

SCOPE OF COVER
Indemnifies the insured the plantation input cost for total loss or death of tea plants/Bush when loss occurs due to insured perils.

PERILS COVERED

(a) Fire (including forest fire and bush fire), lightning, storm, hail storm, cyclone, typhoon, tempest, hurricane, tornado, impact damage (including wild animal), earthquake, flood and inundation, riot and strike, Acts of terrorism, Un-seasonal Rains and frost.

(b) Pest and Diseases may also be covered with additional premium of 0.25%.

INDEMNITY
The amount of claim payable under this policy shall be the sum which is arrived at after applying the percentage of loss of plants to the amount of the cost of inputs at which the insured perils causing the loss of plants operates, subject to the franchise and excess clause stated below :

(i) Franchise : No claim shall be payable under the policy if the amount of the claim assessed does not exceed Rs.1,000/- or sum insured on 100 plants whichever is higher.

(ii) Excess : The insured shall bear first 10% of the amount of claim as determined above I.e. only 90% of claim shall be payable under the policy.

EXCLUSIONS

(a) Loss or damage arising out of non-rooting of cutting, clones, failure of grafting and/or failure of seed beri are outside the scope of the policy.

(b) Natural mortality in the nursery is outside the scope of the policy and while settling the claim, due weight-age to natural mortality percentage be given.

(c) The death of nursery plants during transport to the field and/or in the course of transplantation are outside the scope of the policy