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Most Popular Policies of AIC Of India Ltd

  • National Crop Insurance Programme
    Government of India launched a farmer friendly crop insurance plan called National Crop Insurance Program.
    Key features of National Crop Insurance Program
    • Liability of claim available
    • Easy settlement of claim
    • Coverage available for loss of harvest
    • Experiments regarding crop-cutting is covered
  • Varsha Bima / Rainfall Insurance Plan
    The Rainfall Insurance is a weather insurance policy designed for the farmers to give them financial coverage against rain-affected crops.
    Key features of Rainfall Insurance Plan
    • It helps mitigate the adverse effect of rainfall
    • Transparent plan with flexible premium
    • Quick claim settlement
    • Inexpensive plan
  • Pulp Wood Tree Insurance Policy
    This India Government initiated crop insurance plan is crafted for those farmers who grow various pulp wood trees.
    Key features of Pulp Wood Tree Insurance Policy
    • Coverage available for total loss
    • Partial losses are also covered
    • Complete protection against natural calamities
    • Policy tenure can be extended to 5 years
  • Bio-Fuel Tree/Plant Insurance Plan
    This insurance plan covers those farmers in India that help produce bio-fuels.
    Key features of Bio-Fuel Tree/Plant Insurance Plan
    • Payment of total sum assured if crop gets damaged
    • Coverage available for all natural risks
    • Optional extension of policy period up to 5 years
    • Optional coverage against drought available

PulpWood Tree Insurance Policy

This is a special type of crop insurance scheme by the government of India, for those farmers in particular, who deal with the growing the pulpwood tree. The major pulpwood trees that are covered under this scheme include Eucalyptus, Poplar, Subabul and Casuarina. So, if you are a farmer and dealing with one of these crops, you might be interested in knowing in detail about the Pulpwood Tree Insurance Policy.

Key Features of the Pulpwood Tree Insurance Policy

The key benefits of the Pulpwood Tree Insurance Policy, as indicated by the government of India, have been discussed in detail as under:

  • Total Loss Covered:

    In case the crops die out due to some natural calamity completely, the farmers would not have to worry about their financial situation for the season as the Pulpwood Tree Insurance Policy would cover it.

  • Partial Loss Covered:

    not only would the total loss, but the partial loss also be covered under the Pulpwood Tree Insurance Policy.

  • Natural Calamities Covered:

    The specific natural calamities that are covered under the Pulpwood Tree Insurance Policy include fire, cyclone, frost, flood, storms, pests and some others.

Benefits of the Pulpwood Tree Insurance Policy Explained in Detail

Name of the Benefit

The Advantage


Extensible Sum

The sum of the crops that have to be assured can be extended up to a certain limit, up to 150% of the input cost, if desired by the insured.


Easy Settlement

For the settlement of the costs and the claim, the farmers would not have to wait for a lot of hearings. In fact the settlement would be done in a fortnight.


All natural calamities covered

The major risk to the crops is only from the natural calamities such as cyclones, floods, earthquakes, heavy rainfalls, dry spells and so on. The Pulpwood Tree Insurance Policy would cover all the natural calamities so that the farmers would not be left with any reason to worry.


All Damages covered

Unlike the other schemes, which provide financial support to the farmers only in the case of total loss of the crops, the Pulpwood Tree Insurance Policy would provide support in case of partial damage too.

Frequently Asked Questions

  • What factors would affect the sum assured?

The assured sum would depend upon a number of factors, mainly, the type of the soil in which the crop is grown, the area of the soil, the inputs’ cost, the nature of the pulpwood tree that the farmer is growing, the age of the tree on which the insurance is taken and so on.

  • Can sum assured exceed the sum of the inputs?

Yes, depending upon the choice of the insured, the amount insured may exceed up to a maximum of 150% of the total cost of the inputs.

  • What would be the period of the insurance?

Though the period of the insurance is annual in most of the cases, it may go up to a maximum of 5 years, as desired by the insured and depending upon a few factors.