Sarkari Yojana
Coconut Palm Insurance Scheme
About Coconut Palm Insurance Scheme
The Coconut Development Board, under the Ministry of Agriculture and Farmers Welfare, Government of India, runs the Coconut Palm Insurance Scheme (CPIS) to protect coconut palms against natural disasters, weather risks, pests, diseases, and other hazards. Under it, healthy nut-bearing coconut palms aged 4 to 60 years, standing in a contiguous plot (whether mono-cropped or mixed), can be insured against natural perils that kill the palm, cause its loss, or leave it unproductive. Agriculture Insurance Company and the participating State Governments carry out the scheme across every coconut-growing state. > Objectives:
- Help coconut growers insure their palms against natural and other risks.
- Give farmers timely relief when sudden palm deaths cut into their income.
- Cut down risk and push replanting/rejuvenation so coconut farming stays profitable.
Applicability:
CPIS covers all healthy, fruit-bearing coconut palms – whether grown alone, intercropped, on bunds, farms, or homesteads – across Tall, Dwarf, and Hybrid varieties. Since Dwarf and Hybrid varieties start bearing fruit from their 4th year, palms of these varieties aged 4-60 years are covered, while Tall variety palms qualify from age 7-60 years. Unhealthy and senile palms are excluded. Risks covered: The scheme protects against these perils that can kill/lose the palm or leave it unproductive:
- Storms, hailstorms, cyclones, typhoons, tornadoes, heavy rain.
- Floods and inundation.
- Widespread pest and disease attacks causing irreparable palm damage.
- Accidental fire (including forest and bush fires) and lightning.
- Earthquakes, landslides, and tsunamis.
- Severe drought resulting in total loss.
States & Areas Covered:
- The scheme runs in selected coconut-growing districts across every State/UT.
- Every healthy, bearing palm in a contiguous area gets insured by the farmer/grower, and CDB works to insure all such palms across cluster villages within each district.
Scheme Overview
Central Government
Ministry Of Agriculture and Farmers Welfare
Coconut Development Board
Individual
Scheme Details
Eligibility Requirements
To qualify for Coconut Palm Insurance Scheme, applicants must satisfy the following conditions:
Eligibility criteria: 1. Under the scheme, individual farmers/growers offering at least 5 healthy nut-bearing palms for insurance - within the specified age brackets (4-60 years for dwarf/hybrid, 7-60 years for tall) and in a contiguous area/plot - qualify for coverage. Note 01: Coverage applies to individual palms, not by area. Note 02: Insuring only part of a plantation isn't allowed. Note 03: At least 5 healthy nut-bearing palms are needed to enter the scheme. Scope of cover:
The scheme covers every healthy palm within the…
The scheme covers every healthy palm within the insurable age range, in the districts/areas chosen for implementation. Partial insurance of a contiguous plantation isn't permitted. Coverage runs from the 4th/7th year to the 60th year, split into two age brackets - 4-15 years and 16-60 years - for setting premiums and the sum insured.
The insured farmer/grower's self-declared age bracket in the…
The insured farmer/grower's self-declared age bracket in the insurance proposal is accepted as-is. The Insurance Company may verify the insured palms' authenticity at any point before the policy expires or a claim is paid. A wrong declaration of age or any other material fact voids the insurance. Franchise: A claim gets assessed only when the number of palms lost to insured perils in a contiguous area crosses the threshold set for that slab: Sl. No.No. of Insured Palms in a contiguous areaFranchise (Palms lost) 1100 3 Waiting period: Palms lost or dying within 30 days of the insurance starting aren't covered by the sum insured, though this rule doesn't apply when a policy is renewed without a gap.
Benefits Provided
Coconut Palm Insurance Scheme provides the following benefits to eligible applicants:
Sum Insured & Premium: Under this scheme, the Board bears 50% of the premium, while the State Government and the farmer split the rest at 25% each, as shown 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 this amount, the Coconut Development Board (CDB)…
Of this amount, the Coconut Development Board (CDB) pays 50%, the concerned State Government pays 25%, and the farmer/grower covers the remaining 25%.
If the State Government declines to bear its…
If the State Government declines to bear its 25% share, farmers/growers wanting coverage must pay 50% of the premium themselves. Planters'/growers' associations with an 'insurable interest' may also choose to pay the premium on their members' behalf.
Regardless, planters/growers must bear at least 10% of…
Regardless, planters/growers must bear at least 10% of the premium themselves. The premium subsidy (50% from CDB, 25% from participating States) goes to the Insurance Company in advance, based on estimates, and gets replenished/adjusted quarterly or annually. Insurance Term:
A policy can run for up to three…
A policy can run for up to three years, with planters/growers getting a 7.5% premium rebate for a two-year policy and 12.5% for a three-year policy.
Every effort is made to enrol eligible farmers/growers…
Every effort is made to enrol eligible farmers/growers by 31st March each year; those who miss this date can still join later, with coverage starting from the 1st of the following month. Contingency Insured: This policy pays out for a total palm loss caused by an insured peril that kills the palm or renders it unproductive. Where the palm's death isn't immediate, the sum insured is paid once a certificate from CDB/the Agriculture or Horticulture Department confirms why the palm is being declared unproductive. A palm can only be labelled 'unproductive' when no further growth or rejuvenation is possible after peril-related damage, and only once the insured has felled/removed it. If the farmer/grower prefers to keep the unproductive palm standing rather than fell it, 50% of the sum insured is deducted from the claim as salvage value. In every case, the loss must be shown to stem from an insured peril.
Documents Required
Applicants should keep the following documents ready before starting the application:
A farmer/grower wishing to insure their palms should submit the following, as applicable:
Farmer's identity proof
Farmer's identity proof
Proposal forms along with the premium amount (preferably…
Proposal forms along with the premium amount (preferably by DD)
Land/plantation records, or a certificate from the revenue…
Land/plantation records, or a certificate from the revenue authorities to the Agriculture Dept./CDB/Horticulture Department, per the practice followed in that State
A declaration from the farmer confirming that only…
A declaration from the farmer confirming that only healthy palms are being insured.
A rough sketch of the plantation showing each…
A rough sketch of the plantation showing each plot's land identification number and palm count, with palms preferably numbered.
Bank account details
Bank account details
Any other documents the Board requires
Any other documents the Board requires
How to Apply
Offline Application
Applicants can apply for Coconut Palm Insurance Scheme through the offline application process outlined below.
Application Process
Application Process:
Farmers/growers wanting insurance can reach out directly to the Insurance Company's representatives/authorised agents, or approach their nearest Agriculture/Horticulture Department office. The farmer/grower pays the premium (net of subsidy) by cash, cheque, or bank draft in favour of the Insurance Company.
Claim assessment & settlement procedure:
Insured farmers must report the loss of an insured palm to the insurance company within 15 (fifteen) days of the peril occurring, with all relevant details.
Claims can also be reported via the concerned State Government Call Centres until the Implementing Agency (the insurance company) sets up its own. Within 15 days of the loss being reported, a loss-assessment certificate must be issued by the Coconut Development Board (CDB)/Agriculture/Horticulture Department/a State Agriculture University (SAU), as authorised by the insurance company for that district, explaining the cause of loss.
The insurance company may, at its discretion, send its own representative to jointly assess the loss alongside the certifying agency.
The insurance company releases the claim to the insured farmer/grower within one month of receiving all certified claim details. However, claim release depends on the premium subsidy having been received from both CDB and the relevant State.
The insurance ends once a full claim has been paid.
Climbers registered with CDB/the State government can also arrange Personal Accident cover through public-sector general insurance companies.
The sum insured and premium for this cover will be negotiated based on the likely number of climbers to be insured.
Objectives
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Exclusions / Who Is Not Eligible
No claims shall be payable under the scheme if the palm is lost due to operation of peril insured is within the ‘Franchise’ clause. Under this policy, the insurer will not be liable for any payment for any expenses incurred by the insured in connection with or in respect to loss other than on account of perils insured. The insurance does not cover the following events, in so far as they are applicable, keeping in view the scope of insurance coverage:
- Loss by Theft, War, Invasion, Civil War. Rebellion, Revolution, Insurrection, Mutiny, Lockout, Malicious Damage, Conspiracy, Military/Usurped Power, Civil Commotion, Confiscation, Requisition/Destruction/damage by order of any Government de-jure/de-facto/by any public/municipal/local authority, including damage due to power transmission.
- Nuclear reaction, nuclear radiation or radioactive contamination.
- Impact damage due to aircraft or other falling objects
- Wilful negligence of the insured and anyone acting on his behalf.
- Damage caused by human, bird or any animal action.
- Improper maintenance of palms.
- Palm becoming unhealthy & senile.
- Natural morality of the palm; uprooting of palm traceable to chiselling of roots.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.