Tea Plantation Insurance

SCOPE OF COVER

Indemnifies the insured the plantation input cost for total loss or death of tea plants/Bush when loss occurs due to insured perils.

SUM INSURED

May be calculated either on per hectare basis subject to a maximum of Rs.1,50,000 per hectare or per plant basis.

(i) Nursery : Rs.2/- per plant (max.)
(ii) Tea Plant : 1st year Rs.6/- per plant (max)
3rd year Rs.8/- per plant (max)
4th year Rs.9/- per plant (max)
5th year Rs.10/- per plant (max)
Bush can also covered from 6th year onward upto 80 years for a maximum sum insured of Rs.10/- per plant.

EXCLUSIONS

All the general exclusions mentioned under the standard Plantation/Horticulture Insurance Policy.

PREMIUM RATE

Standard Cover 1.25%
Additional cover (pest and diseases cover) 0.25%