What you get
Sum Insured & Premium: Under this scheme, 50% of the premium is borne by the Board and balance is shared between the State Government and Farmers @ 25% each, as below: | Age group of PalmsPremium per plant/yearBoard’s Share (50%)State Govt. Share (25%) Farmer’s Share (25%) Sum insured per palm4-15 years ₹9₹4.50₹2.25₹2.25₹900/-16-60 years₹14₹7₹3.50₹3.50₹1750/-Premium Subsidy: | - Of amount under above, 50% will be paid by Coconut Development Board (CDB) and 25% by State Government concerned and balance 25% will be paid by farmer/grower. | - In case, the State government does not agrees to bear 25% share of premium, farmers/growers, will be required to pay 50% of premium, if interested in insurance scheme. In case some planters/growers’ association wishes to bear the premium on behalf of planters/growers, such associations may do so if they have ‘insurable interest’. | - In any case, the planters/ growers shall have to bear a minimum of 10% premium. Premium subsidy amount (50% by CDB and 25% by participating States) will be released to Insurance Company in advance based on estimates, which will be replenished / adjusted on quarter/year basis. | Insurance Term: | - A policy can be issued for a maximum period of three years for which rebate in premium @7.5% for two year policy and 12.5% for three year policy will be provided to the planters/growers. | - Effort will be made to ensure that all eligible farmers/growers join the scheme by 31st March of year. However, those farmers/growers who do not join the scheme by 31st March may join the scheme subsequently, and in which case risk is covered from 1st day of succeeding month. | Contingency Insured: | This insurance policy pays for total loss of palm on account of happening of perils insured leading to death of insured palm or It’s becoming unproductive. In case, death of palm is not immediate, payment of sum insured will be payable on production of certificate from Coconut Development Board (CDB)/Agriculture / Horticulture Department justifying cause for declaring palm unproductive. A palm can be declared ‘unproductive’ only when further growth / rejuvenation of palm is removed / possible after the same damaged by peril(s) insured, provided palm is removed / felled by insured. In case farmer / grower wishes to retain unproductive palm as it is (without felling), salvage value of 50% of sum insured will be deducted from claim. In any case, loss of palm will have to be established to, occurrence of peril insured.
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
What is the 'Coconut Palm Insurance Scheme (CPIS)'?
The Coconut Palm Insurance Scheme is a program initiated by the Coconut Development Board, Ministry of Agriculture and Farmers Welfare, Government of India. It aims to provide insurance coverage to coconut palms against natural calamities, climatic risks, pests, diseases, and other perils.
What are the objectives of this scheme?
Assist coconut growers in insuring coconut palms, against natural and other perils. | Provide timely relief to farmers, who suffer income loss due to sudden death of palms. | - Minimize risk and encourage replanting and rejuvenation to make coconut farming remunerative.
Who is eligible for coverage under CPIS?
All healthy nut-bearing coconut palms in the age group of 4 to 60 years, whether grown as mono or intercropped, on bunds farms or homestead, and of all varieties including Tall, Dwarf, and Hybrids are eligible for coverage. Unhealthy and senile palms will be excluded.
How is the age range determined for coverage?
For Dwarf and Hybrid varieties, coverage begins from the 4th year of planting, while Tall variety coconut palms are eligible for coverage from the 7th year onwards, up to the age of 60 years.
Which areas and states are covered under the scheme?
This insurance scheme will be implemented in the selected districts of all the States/UTs, growing coconut palms. | All bearing and healthy palms will be insured, in a contiguous area, by farmer/grower and every effort will be made by CDB, to get all bearing and healthy palms insured, in cluster villages of district(s).
How is this scheme implemented?
The scheme is implemented through the Agriculture Insurance Company and collaborating State Governments in all coconut-growing states. Every effort is made by the Coconut Development Board to encourage farmers in cluster villages to insure all bearing and healthy palms in their respective districts.
How is the premium for CPIS determined?
The premium for CPIS is subsidized to make it accessible for farmers. The Coconut Development Board (CDB) contributes 50%, the State Government covers 25%, and the remaining 25% is the responsibility of the farmer or grower. In certain cases, if the State government does not agree to bear its share, the farmer may need to pay 50%.
Is there any premium subsidy provided to farmers?
Yes, there is a premium subsidy. The CDB and participating State Governments provide a subsidy amounting to 75% of the premium. The subsidy is released to the Insurance Company in advance based on estimates and is replenished/adjusted on a quarter/yearly basis.
Is there a waiting period for coverage under CPIS?
Yes, there is a waiting period of 30 days from the inception of insurance during which loss or death of palms is not payable. However, this condition is not applicable for renewals without a time gap.
What happens if a farmer wishes to retain an unproductive palm without felling it?
If a farmer/grower chooses to retain an unproductive palm without felling it, a salvage value of 50% of the sum insured will be deducted from the claim. Loss of the palm must be established through evidence of the occurrence of the insured peril.
Who is eligible to enroll in the Scheme?
Individual farmers or growers offering a minimum of 5 healthy nut-bearing palms falling within the specified age group are eligible for insurance. For Dwarf and Hybrid varieties, the age group is 4-60 years, and for Tall varieties, it is 7-60 years.
Is the insurance based on individual palms or the entire plantation area?
The insurance under CPIS is for individual palms and is not area-based. Each eligible palm must be individually insured.
Can a farmer opt for partial insurance of their coconut plantation?
No, partial insurance of the plantation is not allowed under the CPIS. The entire contiguous area or plot with a minimum of 5 healthy nut-bearing palms must be covered under the scheme.
How is the age group determined for insurance coverage?
The insured farmer or grower can self-declare the age group of the palms in the insurance proposal. However, the Insurance Company has the authority to verify the age of the insured palms at any time before the policy expires or a claim is paid. The insurance becomes void in case of a wrong declaration of age or any material fact by the insured regarding the insurance.
How can a farmer/grower apply under the scheme?
Farmers/growers desiring insurance may directly contact representatives/authorized agents of Insurance Company or may contact nearest office of Agriculture/Horticulture Department. Premium will be paid by farmer/grower, net off premium subsidy, through cash, cheque/bank draft, drawn in favour of Insurance Company.