The premium rate has been arrived at on the basis of (a) risk profile of the tree / crop; (b) nature
of risks covered; (c) geographical location; (d) rate charged by other insurers for similar risks; (e)
deductibles, and (f) loading for various costs and expenses of the insurer.
Period of insurance: The Policy period is annual, with a provision to go for policy of up to 5
years duration. For new plantation, risk period commences 120 days after planting and there is
a waiting period of 30 days after issuing policy.