The insurance scheme is usually offered to corporate clients and other farmers with scientific and professional management backed by up the modern machinery with integrated farming. Corporate clients may or may not have Hatchery/Nursery unit. Then (i) Blood Stock Insurance – Hatchery Unit – insurance of blood stock comprising of male and female Gravid prawns for a period of 2 months subject to limiting the indemnity to 80% of the assessed loss. (ii) Nursery Unit: Insurance to cover from Egg stage to PL 20 (30 days) or PL 40 (50 days) as the case may be. Respective survival rate for each stage has to be worked out and incorporated in the schedule. Every hatchery may be issued declaration policy for each batch. (iii) Grow Out Prawn Ponds (iv) Fresh Water Ponds (Semi-intensive) (v) Tank Bunds/Embankment. Shell disease loss due to algal bloom is covered.

To provide Insurance cover against total loss of prawn nursed seeds in brackish water only. The period of cover to be four and half months from the date of stocking of post larvae. Where the crop period extends beyond four and half months, policy may be extended to a maximum of one fortnight. Value of 9th forthnight shall be the maximum sum insured. The policy covers total loss or destructions of prawns due to summer kill, pollution, poisoning, riot and strike, malicious acts of third parties, earthquake, explosion/implosion, storm, tempest and other convulsions of nature, shell disease, vibriosis, aero monas, celiades and other viral form of epidemics and/or parasitical attacks, terrorism and aircraft and articles dropped therefrom including impact damage. Policy can be extended to cover the bunds/sluice gates. Where the loss of prawns is so extensive in one incident that the recovery/residual catch during a single crop period from a particular farm/tank falls below 20% of the expected survival of prawns at that stage, such claims to be considered as total loss. Collective loss in 2 or more incidents not to be treated as total loss and only prawns lost in the latest incident will be considered for claim. Claims to be paid to the extent of 80% of the value at corresponding stage subject to salvage, if any. For example, if the residual catch is 15% then the claim for total loss would become payable to the extent of 80% of 85%.

The first office to come in contact with the clients. Is primarily concerned with the development and administration of business and servicing the Agents and clients.

Different wordings used by different insurers. Version I stipulates that I the event of damage interests insured being a brand or trademark which in any way caries or implies a product guarantee or warranty of quality, the salvage value of the interest insured is to be determined after removal of all brands and trademarks. Where the interests there are in containers from which ands or trademarks cannot be removed the salvage value to be is to determine after interests have been transferred to plain containers. Where it is reasonable impractical to remove or destroy all evidence of the brand the insurer agrees to consult with the insured in respect of action to be taken. Another version stipulated that the assured shall have full possession or control of all damaged goods bearing embossed or identical brands or labels or other permanent markings provided such damage is recoverable under the terms and conditions of this policy although the insurer shall have the benefit of any salvage obtained from such action.