Investor Presentaiton
Bogs Com
Concerns - Phailin cyclone in Andhra
Phailin cyclone hit Andhra coast on 12/10/2013.
AD, Horticulture, Govt. of AP submitted the details of list of
beneficiaries covered under the scheme and the damage
assessment report with palms insured and number of palms
lost.
224 no. of farmers, who insured their coconut gardens, lost
5725 of their palms and they are eligible for sum assured of
Rs.65,83,750/-.
AIC declined the claim stating that the farmer's palms were
not covered under insurance when cyclone happened.
AIC progress report for 2011-12 is nil.
AICs claim is that even though the state share of premium
was received in Nov 2012, since Board's share and Farmers
share of premium was received in full in March 2012, they
were insured from March, 2012 for one year upto March 2013.
As such insurance was not in force in October, 2013!
Due to this denial of insurance benefits, farmers are unwilling
to enroll in CPIS.
Coconut for Family Nutrition, Health & Wellness
3636View entire presentation