The takaful coverage shall become payable with regards to maximum temperature and annual accumulation of rainfall when the threshold is met in the covered region.

In case of a loss to the Participant’s Crop due to locust attack or flood, the takaful coverage shall become payable provided when:

• The loss sustained in the affected area and resulted in the actual yield being less than 50% of the reference yield of that area.
• That the said crop is situated in an area declared as calamity affected by the Government (competent authority)

Takaful Coverage is also subject to.

I. The declaration is notified in the gazette.

EXCLUSIONS REGARDING THE PRODUCT

The Company shall not be liable to make any payment under this Policy to the Participant in connection with or in respect of any events incurred from:

• a. Ionizing radiations or contaminations by radioactivity from any nuclear waste from the combustion of nuclear fuel; or
• b. The radioactive, toxic, explosive, or other hazardous properties of any explosive nuclear assembly or nuclear component thereof.

The Company shall not be liable to make any payment under this Policy in connection with or in respect of any events whatsoever incurred by any Participant in connection with or in respect of any event leading to diminished agricultural or non-agricultural output/yield, or increased operational costs, howsoever caused, other than event(s) covered in the Policy Schedule within a specific coverable area and time period stated in the Policy Schedule.

Riots, Strike, Malicious Damage, Acts of Terrorism, Loss or damage, cost or expenses of whatsoever nature directly or indirectly caused by, resulting from or in connection with any action taken in controlling, preventing, suppressing or in any way relating to such action taken in respect of any act of terrorism shall be excluded.

War, war-like operations, act of foreign enemy, invasion of territory or any part thereof, hostilities (whether war be declared or not), civil war, rebellion, revolution, insurrection, civil commotion, military or usurped power, or loot or pillage in connection with the foregoing, seizure, capture, confiscation, arrests, restraints, and detainment by order of any governments or any other authority.

The Company shall not be liable to compensate for the loss incurred due to the Farmer’s/Participant’s negligence.

Takaful will not be valid if covered agricultural land is not cultivated or cultivated with any crop other than the one mentioned in Policy Schedule.

Consequential losses of any kind, by way of loss of profit, business interruption, market loss or otherwise and/or any other legal liability of any kind.

Duration of the insurance is 1 year from the date of enrollment

The insurance company can withhold claim disbursement until any outstanding contribution is settled in full

LIMIT OF LIABILITY:

The maximum limit of liability of the Company for all claims would be 300% of the contribution received.