Page 247 - Misc Ebook IC 78

Miscellaneous Insurance

The rate of premium varies from 1% to 2% of the value
of property to be covered.

(iii) Aquaculture Insurance - This scheme is applicable to
licensed farms in accordance with the Government
notification growing Brackish Water shrimp/ Fresh water
prawns by adopting extensive or modified extensive or
semi intensive system .

Coverage: Section I- Basic Cover. This covers only
total loss or destruction of shrimp or prawns, due to (1)
Summer Kill (2) Pollution from external source only (3)
Poisoning (4)Riot and Strike (5)Malicious acts of Third
Parties (6) Earthquake (7) Explosion/Implosion (8)
Storm, Tempest, Cyclone, Typhoon, Hurricane, Tornado,
Flood, Inundation, Volcanic eruption or other convulsions
of nature. (9) Aircraft and other aerial devices or articles
dropped from them, impact with any road vehicle, horses
and cattle. (10) Terrorism.

Section II - Comprehensive Cover. This covers all perils
as listed in basic policy and death due to disease

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