Coconut Palm Insurance Scheme (CPIS)
Funded in the 2026-27 Union Budget: Union Expenditure Budget 2026-27 (Feb 2026, Demand No. 1 (Department of Agriculture and Farmers Welfare), Autonomous Bodies item 31 Coconut Development Board, BE 2026-27 ₹37.16 crore; Notes item 31)
Insurance for healthy, nut-bearing coconut palms against storms, floods, fire, pests, disease and wild animals; the Board pays 85% of the premium.
- Lead benefit
- 85%of the premium paid by the Board
- Components
- 1each read from the document
- Who can apply
- Allapplicants
- Closing date
- Seasonalsee “When to apply”
What it pays
The Board pays 85% of the premium; a palm lost to an insured peril pays ₹1,900 (palms 4–15 years) or ₹3,700 (16–60 years).
What the document says, word for word
The guidelines leave the premium per palm blank, so we cannot show your share in rupees. Rebate of 7% on a 2-year and 12% on a 3-year policy. Dwarf/hybrid palms 4–60 years and tall palms 7–60 years; senile or unhealthy palms are excluded. A palm kept standing after it becomes unproductive is paid at 50%. Claims start only above the franchise: 1 palm lost (10–30 insured), 2 (31–100), 3 (over 100).
“The farmer or grower is responsible for paying 15% of the premium, while the Board would cover the remaining 85% as a subsidy.”How much can I claim?
85% of the insurance premium paid by the Board; sum insured ₹1,900 per palm aged 4–15 years and ₹3,700 per palm aged 16–60 years
The guidelines leave the premium per palm blank, so we cannot show your share in rupees. Rebate of 7% on a 2-year and 12% on a 3-year policy. Dwarf/hybrid palms 4–60 years and tall palms 7–60 years; senile or unhealthy palms are excluded. A palm kept standing after it becomes unproductive is paid at 50%. Claims start only above the franchise: 1 palm lost (10–30 insured), 2 (31–100), 3 (over 100).
Who can apply
- All applicants
Papers you need
- Filled and certified application form with the documents it asks for
How to apply
- Take the form from the CDB or AIC website; insure all healthy bearing palms in one contiguous plot (at least 10), and number each palm (cl. 4, 9).
- Pay your 15% share of the premium; cover starts on the 1st of the next month, and you can take a 1-, 2- or 3-year policy (cl. 7–8).
- Report any loss to AIC or the Board within 10 days and do not move the damaged palms until the assessor visits (cl. 10).
Applying is free. Never pay anyone to apply for you.
When to apply
Enrol any time of the year; cover begins on the 1st of the following month (cl. 8).
Combining with other schemes
The documents do not say whether this can be combined with other schemes. Ask the implementing office before you count on both.