Coconut Palm Insurance Scheme (CPIS)
• Insurance
protection for Coconut Palm growers.
• Premium
rate per palm ranges from Rs. 9.00 (in the plant age group of 4 to 15 years) to
Rs. 14.00 (in the plant age group of 16-60 years).
• 50-75%
subsidy of premium is provided to all types of farmers.
• When the
palm damaged, the claim payment equal to input cost loss damage is payable to
the insured in notified areas.