Rural Insurance II Coverage Details

RURAL INSURANCE- II Dr.N.K.BUDDHAN 1

ELEPHANTS, PIGS, RABBITS, ZOO & CIRCUS ANIMALS Rural Insurance - II Coverage: Against Accidents & Diseases (As per Cattle Policy) Sum Insured: Based on veterinary Certificate (Max. Market Value) Appropriate identification marks on the Animal to be incorporated in the policy. Photographs can be produced. Elephants Purpose: Commercial, Circus, Zoo & Religious. Age: 5 to 60 Years Sum Insured should exclude Tusk Value. Premium : Temple Elephants- 4.5 % Other Elephants 5.0 % Indemnity 80 % of S.I. or Market Value whichever is less. Pigs Indigenous, Cross Bred & Exotic animals covered. Age Group: 6 Months to 3 Years Sum Insured : Market Value as certified by Veterinarian. Premium : 5.0 % on Peak Value. Indemnity 80 % of S.I. or Market Value whichever is less. Rabbits ZOO , CIRCUS ANIMALS & BIRDS All Animals to be insured on All or None Basis Sum Insured : Based on Valuation done by Curator and health Certificate by Veterinarian. Coverage: As per Cattle Policy. Premium : Zoo Animals- 5.0 % , Circus Animals 7.5 %. Age Group: 1 Day to 4 Years. Sum Insured : 100 % of Market Value as certified by Veterinarian. Premium : 7.0 % . Indemnity 70 % of S.I. or Market Value whichever is less.

Rural Insurance - II SERICULTURE ( SILK WORM ) INSURANCE Covers the Following Breeds: 1. Univoltine, 2. Bivoltine & 3. Multivoltine Coverage: Covers Total Loss Only or Destruction of Cocoons following Death of Silkworms due to Accident or Disease during the period of Insurance. Cover can be extended for Transit from Insured s farm to Cocoon Market. Exclusions: 1. Diseases contracted within 15 days from commencement of Risk, 2. Natural Mortality / Normal Trade Loss, 3. Improper Management / Rough handling, 4. Theft or Clandestine sale . Period of Policy & Valuation Varies from 3 weeks to 5 weeks (From Egg to Cocoon Stage) Normally policy is issued for a period of 12 months to cover all crops in the year. Specific crop period may also be insured. Sum Insured: Valuation as per different stages as certified by Sericulture department. For Eg. 100 DFLs- Disease Free Layings) Premium 5 % on peak Value. Claim settlement: Based on certificate issued by authorised Official of Sericulture Dept.

Rural Insurance - II HONEY BEE INSURANCE - - - Hives and or Bee Colony belonging to the Co-Op Society is covered. Cover against all Accidental Losses or Damage to Hive and or Bee Colony. Theft can be covered by Addl. Premium. Exclusions: Neglect or Improper Management / Rough handling. Natural Mortality. Any destruction required by any order of Govt . or Municipal Authority. Valuation & Sum Insured Cost of Hive and Bee Colony as certified by State Khadi & Village Board. Boxes are identified by Company Code & Sl. No. Assessment of Loss as per the certificate issued by Govt. Dept / KVIC. Indemnity : 80 % of Sum Insured.

Rural Insurance - II HORTICULTURE & PLANTATION INSURANCE II.Some of the Plantation Crops: RUBBER, POPLAR, TEAK, OIL PALM, BEETLENUT, SUGAR CANE, TEA, FLORICULTURE, POLY HOUSE/GLASS HOUSE, NURSERYS, TISSUE CULTURE. I. Some of the Horticultural Plants: GRAPES, CITRUS, POMOGRANITE, BANANA, CHIKOO, MANGO, MUSHROOM, PAPAYA, COCONUT, MEDICINALPLANTS. Exclusions 1. Loss by Theft, 2. Earthquake, 3. Loss/Damage due to insects, Pests & Diseases unless covered with addl. Premium. 4. Non-Compliance of Package of Practices prescribed by Agri/Horticulture Dept. 5. Climatic variations, Pollution, Non-bearing of fruits. 6. Damage to Plant supports, Irrigation systems, Agri. Equipemnts. III. Sugarcane. COVERAGE a. Fire, incl. Forest & Bush Fire, b. Lightning, c. S.T.F.I., d. R.S.M.D. e. Terrorism, f. Loss by Wild Animals. IV. Flowering Plants: (Floriculture) a. Orchids, b. Roses.

Rural Insurance - II Plantation & Horticulture Period of Insurance: - Crop Duration or 1 Year whichever is shorter. Sum Insured: Based on Input Cost- a.Land Preparation - Plouging, Filling, b.Plant / Seedlings cost, c.Manures, d.Pesticides, e.Watering, f.Harvesting. Premium Rate Horticultural Crops 5 % of S.I. Plantation Crops 1.25 % of S.I. Sugarcane 1.25 % of S.I. Flowering Plants 5 % of S.I. Beetlevine 10 % of S.I. Claims Franchise 10% of S.I / Acre or Rs. 1000 per affected Area whichever is higher. Indemnity 80 % of assessed Loss.

Rural Insurance - II INSURANCE RELATED TO AGRICULTURE I. AGRICULTURAL PUMPSETS POLICY For Centrifugal Pumps- a. Elactrical & b. Diesel Upto 25 H.P. used for Agriculture purpose only. Exclusions: 1. Cost of dismantling, Cost of erection, Transport. 2. Faults existing at the time of commencement of Risk. 3. Damage for which Manufacturer or Supplier is responsible. 4. S.I. should represent 100 % of New Replacement Value. 5. Rates of Premium varies according to Type and H.P. 6. Excess 20 % 7. Discounts available on Group policies. Coverage: For unforeseen sudden physical damage to pump & starter due to: 1. Fire, Lightning, 2. R.S.M.D., Terrorism, 3. Mechanical, Electrical Breakdown, 4. Burglary ( provided it is kept in locked enclosure), 5. Flood Risk on additional Premium of 2 %.

Rural Insurance - II FAILED WELL INSURANCE - - - Used for developing Ground Water, Financed by Bank / Co-Operative and Refinanced by N.A.B.A.R.D. Insurance applies to- 1. Dug Wells, 2. Bore Wells or 3. Dug-cum-Bore Wells. Coverage: If well fails to yield specified quantity of water, the policy imdemnifies. 1. 2. Cost of Civil Construction less the cost of pumping equipment & Accessories. Sum Insured. (Max).

Rural Insurance - II LIFT IRRIGATION INSURANCE Sum Insured: Replacement value of all Assets. - 1. Intake Well, 2. Delivery Chambers, 3. Jack Wells, 4. Pump House, 5. Water Storage Tank, 6.Pipelines, Cables, 7. Switch Gears, 8. Starters, 9. Electric Motors of Capacity 3 HP to 200 HP. Lift Irrigation systems comprise of: Premium Rate: 0.7 % of value of Assets. Excess Rs. 1000/= for Each and every claim. For M.B.D. Claims- 1 % of S.I. subject to a minimum of Rs. 1000/- Coverage: 1. 2. 3. 4. 5. 6. 7. 8. Fire, R.S.M.D., S.T.F.I., Earthquake, Landslide, Theft, Bursting of Pipelines, Mechanical / Electrical Breakdown.

Rural Insurance - II SALT WORKS INSURANCE Covers Earth work, / Mud work and salt stored on Platforms. Risks Covered: 1. S.T.F.I., 2. Un seasonal Rainfall ( As declared by Meteriological Dept) Important- Salt Brine- Salt in process of production is not covered. Sum Insured: Actual cost of construction of earthwork. Indemnity Limited to cost of Repair / reconstruction. Policy Excess 30 % of Sum Insured. Premium Rate 15 % for earthwork / Mud work 30 % for salt stored on Platform.

Rural Insurance - II PEDAL CYCLE / CYCLE RICKSHAW INSURANCE Applies to vehicles driven by man power only. Section- I: Own Damage: Covers damage to the vehicle by- 1. Accidental external means, 2. Fire, Lightning or External Explosion, 3. Theft / Burglary, 4. R.S.M.D. Exclusions: 1. Overloading or Mechanical Breakdown, 2. E.Q., Storm, Flood , 3. Theft of accessories unless the vehicle is stolen at the same time. Policy Excess Rs. 15/ per claim for Pedal Cycle. Rs. 25/ Claim for Cycle Rickshaw. T.P. Liability: Bodily Injury or T.P.P.D.- Rs. 10,000/ accident. In case of Cycle Rickshaw, compensation of Rs. 500 each for to two passengers & Rs. 500/- towards goods of passengers are covered.

Rural Insurance - II ANIMAL DRIVEN CART INSURANCE Has three Sections: Section- I: a) Loss or Damage to Cart or Tonga by External means- Fire, Lightning,Burglary, Theft, RSMD,Terrorism and when in transit by Rail/Road/Inland waterways. b) Death / P.T.D. of Insured animal arising out of accident to cart / Tonga. Animals used for driving / pulling are: Male Buffaloes,Bullocks,Bulls, Horse, Mules, Donkey, Camel. Section II: T.P. Liability upto Rs. 5,000 / accident and Rs. 10,000 for all accidents in a year. Section III: Personal Accident cover for Driver ( As per Gramin Accident Plicy), Wherever owner or otherwise. Policy Excess: Rs. 100/- for Cart, Rs. 200/- for Tonga. Indemnity: Liability is limited to 50 %. In Case of Total Loss 75 %.

Rural Insurance - II HUT INSURANCE For Dwelling Huts in Rural Areas with Financial assistance by Banks, Co-Op & Govt. Coverage: 1. Fire, 2. E.Q., 3. Storm & Inundation, 4. Impact Damage, 5. Riot, 6. Strike, 7. Malicious Damage. Sum Insured: Rs. 6,000 / Hut. Rs. 5,000 for structure and Rs. 1,000 for contents. It is an Agreed Value Policy. Premium Rate: 3 %0 Group Discounts available.

Rural Insurance - II FARMERS PACKAGE POLICY V. PEDAL CYCLE /CYCLE RICKSHAW THEFT/BURGLARY/ ACCIDENTAL DAMAGE 20.05 VI. PERSONAL ACCIDENT A. B. C. PERSONAL ACCIDENT J.P.A. GRAMIN ACCIDENT POLICY AS PER P.A. POLICY AS PER J.P.A. POLICY AS PER GRAMIN POLICY THIS POLICY IS EXCLUSIVELY EVOLVED FOR THE FARMERS TO PROVIDE A COMPREHENSIVE COVER COMPARABLE TO HOUSE HOLDERS POLICY VII. INSURANCE OF TINY SECTOR VILLAGE COTTAGE / TINY SECTOR INDUSTRY 1.05 VIII. CATTLE / SHEEP/GOAT/ CAMEL AS PER RESPECTIVE POLICIES AS PER SCHEME IX. KISAN AGRI. PUMPSETS INSURANCE ELECTRIC / OIL PUMP SETS AS PER PUMPSETS INSURANCE AS PER KISAN AGRI. PUMP SETS INSURANCE SECTION DESCRIPTION OF PROPERTY PREMIUM RATE PER RS. 1000 S.I. X. POULTRY INSURANCE LAYERS/ BRIOLERS AS PER SCHEME I FIRE AND ALLIED PERILS A. HOUSE BUILDING OF CLASS A CONSTRUCTION CONTENTS(EXCL. JEWELLRRY& VALUEABLES HOUSE BUILDING OF KUTCHA CONSTRUCTION CONTENTS IN THE ABOVE HOUSE Class- I - 0. 60 For Kutcha- 2.60 B. XI. FIDILITY GUARANTEE INFIDILITY OF EMPLOYEES AS PER F.G. POLICY C. D. II. FIRE AND ALLIED PERILS STOCK OF FARM PRODUCE-GRAINS, AND SEEDS ONLY IN GODOWN/ OPEN CLASS I 2.10 KUTCHA 3.10 XII. ANIMAL DRIVEN CART INSURANCE ACCIDENTAL DAMAGE AND OTHER BENEFITS AS PER SCHEME III. BURGLARY CONTENTS 2.40 IV. T.V. / V.C.R. ALL RISKS 10.05 XIV. AGRI. TRACTOR INSURANCE AS PER MOTOR POLICY TARIFF 14

TRIBAL PACKAGE POLICY Rural Insurance - II Property / Contingency Risks covered Sum Insured Rs. a. Huts/Dwellings/ Cottage Industries, Sheds Fire, Lightning,RSMD,Aircraft Damage. 2,000 b. Contents As above 1,000 c. Personal Accident Death / Loss of Limbs, P.T.D. / P.P.D. 10,000 d. Hospitalisation , Domiciliary Hosp., -Accident & Major Diseases. 1. Renal Diseases 2. Cerebral / Vascular Strokes, 3. Coronary By-Pass Surgery, 4. Kidney Transplant, 5. Cardiac Ailments, 6. Open heart Surgery, 7. Malignant Tumour, 8. T.B., 9. Encephalitis. 15

Rural Insurance - II RURAL ACCIDENT PACKAGE POLICY HAS 3 OPTIONS. Property / Contingency 1. BASIC COVER 2. STANDARD COVER 3. COMPREHENSIVE POLICY Risks covered DEATH ONLY BY ACCIDENT AS PER J.P.A. POLICY DEATH / P.T.D., P.P.D., AS PER P.A. POLICY (TABLE III) HOSPITALISATION COVER AVAILABLE ON EXTRA PREMIUM. 16

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