Coconut Palm Insurance Scheme (CPIS)

Highlights
  • The Coconut Palm Insurance Scheme was introduced on a pilot basis in 2009–10.
  • The revised 2026 guidelines provide insurance coverage of up to ₹3,700 per eligible coconut palm.
  • Healthy, nut-bearing Tall, Dwarf and Hybrid coconut palms may qualify for insurance.
  • The revised guidelines specify an 85% premium contribution by the Coconut Development Board and 15% by the farmer.
Website
Coconut Development Board (CDB) – Official Website
Customer Care
  • Coconut Development Board (CDB)
    • Phone: 0484-2376265, 0484-2377267, 0484-2377266
    • Email: cdb-kochi@coconutboard.gov.in/kochi.cdb@gov.in
Information Brochure
Coconut Palm Insurance Scheme (CPIS) operational-guidelines
Summary of the Scheme
Name of Scheme Coconut Palm Insurance Scheme (CPIS)
Launch Year 2009–10 (launched on a pilot basis)
Benefits Insurance cover of up to ₹3,700 per coconut palm under the revised 2026 guidelines, subject to policy conditions.
Beneficiary Coconut farmers and growers with eligible healthy, nut-bearing palms.
Nodal Agency Coconut Development Board (CDB)
Subscription Subscribe here to get Update Regarding Scheme
Mode of Apply Offline through the Agriculture Insurance Company of India Ltd. (AIC) or the concerned Agriculture/Horticulture Department, subject to local availability.

Coconut Palm Insurance Scheme (CPIS): A Quick Overview

Coconut growers face constant risks from cyclones, floods, drought, pests and diseases. The Coconut Palm Insurance Scheme (CPIS) offers insurance cover for eligible palms so that farmers can limit these losses. Here is a brief look at how it works under the revised 2026 guidelines.

What Is the Scheme?

Introduced on a pilot basis in 2009-10, CPIS is implemented by the Coconut Development Board (CDB) under the Ministry of Agriculture and Farmers Welfare, in coordination with the Agriculture Insurance Company of India Ltd. (AIC) and state Agriculture or Horticulture Departments. It covers Tall, Dwarf and Hybrid palms.

Key Benefits

  • ₹1,900 per palm for palms aged 4-15 years
  • ₹3,700 per palm for palms aged 16-60 years
  • Premium sharing: CDB pays 85% and the farmer pays 15%
  • Risks covered: storms, cyclones, floods, heavy rain, lightning, fire, earthquakes, landslides, pests and diseases
  • Drought: compensation of 25% of the sum insured when drought is officially declared
  • Multi-year policies: up to three years, with rebates of 7% (two years) and 12% (three years)

The sum insured is not an automatic payment for every damaged tree. Compensation depends on the insured event, loss assessment and policy conditions.

Who Is Eligible?

  • At least 10 healthy, nut-bearing palms in a contiguous area (older guidelines said five)
  • Dwarf and Hybrid palms aged 4-60 years; Tall palms aged 7-60 years
  • All eligible palms in the same contiguous plantation must be insured
  • Unhealthy, senile and non-bearing palms are excluded

Key Exclusions

Theft, war, riots, malicious damage, wilful negligence, improper maintenance, and natural death of a palm are not covered. The guidelines are inconsistent on wild animal attacks, so confirm this with the insurer.

Documents Required

  • Identity proof and completed proposal form
  • Land records or proof of plantation
  • Self-declaration on palm health
  • Plantation sketch showing the number of palms
  • Bank account details for claim payments

How to Apply

  1. Contact CDB, AIC or your local Agriculture or Horticulture Department to confirm availability in your area.
  2. Get the proposal form and check that your palms meet the eligibility conditions.
  3. Number your palms, fill in the form and attach the documents.
  4. Pay the farmer’s premium share and submit the form.
  5. Collect the Certificate of Insurance and keep it safe.

Coverage generally begins on the first day of the month after enrolment.

How to Claim

Report the loss to AIC or the implementing agency within 10 days of the event under the revised guidelines (the older guidelines allowed 15 days). Do not move or remove the damaged palm until the assessor has inspected it. An admissible claim is to be settled within one month of receiving all certified documents.

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