Coconut, Palm Insurance

Coconut, Palm Insurance

Named peril insurance designed in consultation with Coconut Development Board (CDB), covering Coconut palms in the age groups of 4-15 years and 16-60 years, against death due to Fire, Lightning, Cyclone, Storm, Flood, Pests and widespread diseases, Earthquake, Severe Drought etc. The pilot is available in specified districts of Andhra Pradesh, Goa, Karnataka, Kerala, Maharashtra, Orissa and Tamil Nadu. CDB would provide 50% subsidy on premium, and the concerned State to the extent of 25%, leaving the grower to pay the balance 25%.

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