{"uin":"IRDAN190P0046V01100001","name":"New India Shrimp/Prawn Insurance Policy","url":"https://indiainsurances.com/policy/new-india-assurance/new-india-shrimp-prawn-insurance-policy-irdan190p0046v01100001","insurer":{"slug":"new-india-assurance","name":"The New India Assurance Company Limited","url":"https://indiainsurances.com/insurer/new-india-assurance"},"line":"general","category":"other-general","category_name":"Other general insurance","irdai_type":null,"kind":"product","status":"active","approved_on":null,"withdrawn_on":null,"summary":"New India Shrimp/Prawn Insurance Policy indemnifies total loss of insured cultivable shrimp/prawn species in registered brackish water farms. The policy is for one culture cycle with maximum cover of 120 days for White leg Shrimp/P.Indicus and 180 days for P.Monodon, and the insured bears 20% of the claim amount.","analysis":{"state":"machine","analysed_at":"2026-10-20 05:38:26.233541+00","note":"First pass: one AI reading; every stated fact carries a verbatim quote found in the cited clause, but it has not been reviewed. Check the clause before relying on it."},"facts":[{"key":"plan_variants","label":"Plans and variants","section":"Overview","meaning":"The named plans inside this product (not cover types or payout options). Facts can differ between them.","status":"quote-verified","value":["Basic Cover","Comprehensive cover"],"display":"Basic Cover and Comprehensive cover","note":"Basic cover is mandatory.","quote":"Section I Basic Cover ... Section II Comprehensive cover ... BASIC cover is Mandatory.","sources":[{"clause":"Section I","heading":"Basic Cover","page":3,"url":"https://indiainsurances.com/policy/new-india-assurance/new-india-shrimp-prawn-insurance-policy-irdan190p0046v01100001/document/13563#c-section-i"},{"clause":"Section II","heading":"Comprehensive cover","page":4,"url":"https://indiainsurances.com/policy/new-india-assurance/new-india-shrimp-prawn-insurance-policy-irdan190p0046v01100001/document/13563#c-section-ii"},{"clause":"1","heading":null,"page":6,"url":"https://indiainsurances.com/policy/new-india-assurance/new-india-shrimp-prawn-insurance-policy-irdan190p0046v01100001/document/13563#c-1-2"}],"law":[]},{"key":"policy_term","label":"Policy term","section":"Eligibility","meaning":"How long one policy runs before it ends or must be renewed.","status":"quote-verified","value":"One culture cycle. The cover starts from stocking of seed in the farm, with maximum cover of 120 days for White leg Shrimp (P.Vannamei, L.Vannamei, P.Indicus) and 180 days for Black Tiger Prawn (P.Monodon), subject to the opted coverage period and underwriting decision.","display":"One culture cycle; from stocking of seed to maximum 120 days for White leg Shrimp/P.Indicus and 180 days for Black Tiger Prawn/P.Monodon","note":"The policy coverage will not be extended beyond the opted coverage period.","quote":"VI. Policy Period:\nThe cover will start from the date of stocking of seed in the farm to the maximum period provided by the Competent Authority (NIA) as mentioned below:\nS. N | O Shrimp/Prawn | Cover Period Species (Days of Culture)\n1 | White leg Sh (P.Vannamei, L. Vanna | rimp 120 mei, P.Indicus)\n2 | Black Tiger P rawn ( | P.Monodon) 180\nThe Policy Period may vary as per the species cultivated/Client requirements and underwriting decision of the Company subject to the maximum coverage period. ... The Policy will be taken for ONE Culture Cycle only.","sources":[{"clause":null,"heading":"Table.1 Input cost allocation factor","page":5,"url":"https://indiainsurances.com/policy/new-india-assurance/new-india-shrimp-prawn-insurance-policy-irdan190p0046v01100001/document/13563#c-table-1-input-cost-allocation-factor"},{"clause":"2","heading":null,"page":6,"url":"https://indiainsurances.com/policy/new-india-assurance/new-india-shrimp-prawn-insurance-policy-irdan190p0046v01100001/document/13563#c-2-2"}],"law":[]},{"key":"claim_intimation","label":"Claim intimation deadline","section":"Claims","meaning":"How soon you must tell the insurer about a claim or hospitalisation.","status":"quote-verified","value":"The insured must give immediate notice via SMS, email, in writing or through the NFDB portal within 24 hours to the company after an event giving rise to, or likely to give rise to, a claim. Delay without justified reason will result in forfeiture of the claim.","display":"Immediate notice within 24 hours via SMS/Email/in writing or NFDB portal","note":null,"quote":"i) Claim Intimation: The Insured shall, upon the occurrence of any event giving rise to or likely to give rise to a claim under this policy, give immediate notice via SMS/Email/in writing or through the NFDB portal within 24 hours to the Company. Delay in intimation without justified reason will result in forfeiture of the claim.","sources":[{"clause":"9(i)","heading":"Claim Intimation","page":7,"url":"https://indiainsurances.com/policy/new-india-assurance/new-india-shrimp-prawn-insurance-policy-irdan190p0046v01100001/document/13563#c-9-i-2"}],"law":[{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 20, 21","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_documents","label":"Claim documents","section":"Claims","meaning":"Documents the insurer asks for when you claim.","status":"quote-verified","value":["Death certificate with details certified by an official of NaCSA/MPEDA and/or any Marine Biologist or a Graduate qualified in fishery science","Meteorological Report or any supporting document for loss due to flood or cyclone, or summer kill","Receipt and bills of expenditure","Farmers Log Book duly counter signed by the Fishery Extension Officer or authorized person or by the Fisheries Department","Laboratory Certificate in case of any disease as provided by NABL Accredited Laboratories","Any other proof to substantiate the loss like photographs, medical bills, etc.","A copy of the FIR, in case of loss by poisoning by third party or malicious act","Any other document as required by the Company"],"display":"Death certificate; meteorological report/supporting document; receipts and bills; farmers log book; laboratory certificate; other proof such as photographs or medical bills; FIR for third-party poisoning or malicious act; any other document required by the Company","note":"All listed documents must be duly attested by the insured or claimant.","quote":"iii) Death Certificate: Death certificate with details certified by an official of:\na) NaCSA/MPEDA (Technical officer of corporate client in case of satellite farming); and/or\nb) Any Marine Biologist or a Graduate qualified in fishery science.\niv) Other documents: All the documents listed herein must be duly attested by the Insured/ Claimant, and lack of relevant documents will result in forfeiture of the claim.\na) Meteorological Report or any supporting document for loss due to flood or cyclone, or summer kill.\nb) Receipt and bills of expenditure.\nc) Farmers Log Book duly counter signed by the Fishery Extension Officer or authorized person or by the Fisheries Department.\nd) Laboratory Certificate in case of any disease as provided by NABL Accredited Laboratories.\ne) Any other proof to substantiate the loss like photographs, medical bills, etc.\nf) A copy of the FIR, in case of loss by poisoning by third party or malicious act.\ng) Any other document as required by the Company.","sources":[{"clause":"9(iii)","heading":"Death Certificate","page":7,"url":"https://indiainsurances.com/policy/new-india-assurance/new-india-shrimp-prawn-insurance-policy-irdan190p0046v01100001/document/13563#c-9-iii-2"}],"law":[{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 17","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 23","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_settlement_time","label":"Claim settlement time promised","section":"Claims","meaning":"How quickly the policy says a claim is decided or paid, and from when that is counted (intimation or last document).","status":"not-stated","value":null,"display":null,"note":"The policy gives timelines for the survey and loss assessment report, but does not promise a time for claim settlement or payment.","quote":null,"sources":[],"law":[{"title":"The Insurance Act, 1938","section":"Section 64UM(4) to (6)","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 10","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 15","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 16","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(i), V.3(ii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.4","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 23","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 149","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"}]},{"key":"exclusions_main","label":"Main exclusions","section":"Exclusions","meaning":"What the policy does not pay for, in the policy's own words.","status":"quote-verified","value":["Malicious or willful injury, poisoning, negligence, error or omission by the Insured or his family members or employees","Improper and incompetent management and rough handling","Partial loss of any kind","Infidelity of any persons, burglary, poaching and/or theft","Natural mortality of the subject matter","Undergrowth and/or cannibalism","Predators, competitors, weed fish and/or dangerous insects","Chemical status of Soil and/or Physical and/or Chemical status of water and pH factor","Asphyxia","Clandestine sale or mysterious disappearance of shrimps/prawns","Loss of production and/or loss of profits","Consequential loss of any nature","Transit by any means","Diseases due improper management and/or nutritional deficiencies","Death occurring within 15 days from the inception of the policy due to disease, stunted growth and low yield"],"display":"Includes wilful injury or poisoning by insured/family/employees, bad management, partial loss, theft/poaching, natural mortality, cannibalism, predators, water/soil chemical status, asphyxia, mysterious disappearance, loss of profits, consequential loss, transit, management/nutrition-related diseases, and death within 15 days due to disease, stunted growth or low yield","note":null,"quote":"i) Malicious or willful injury, poisoning, negligence, error or omission by the Insured or his family members or employees. ... ii) Improper and incompetent management and rough handling. ... iii) Partial loss of any kind. ... iv) Infidelity of any persons, burglary, poaching and/or theft. ... v) Natural mortality of the subject matter. ... vi) Undergrowth and/or cannibalism. vii Predators, competitors, weed fish and/or dangerous insects.\nviii. Chemical status of Soil and/or Physical and/or Chemical status of water and pH factor.\nix. Asphyxia [Beyond the control of Insured/Insured's employees, certified by MPEDA(Marine Products Exports Development Agency) or CIBA (Central Institute of Brackish Water Aquaculture) or NaCSA (National Centre for Sustainable Aquaculture)].\nx. Clandestine sale or mysterious disappearance of shrimps/prawns.\nxi. Loss of production and/or loss of profits.\nxii. Consequential loss of any nature.\nxiii. Transit by any means. ... xvii. Diseases due improper management and/or nutritional deficiencies. ... xxii. Death occurring within 15 days from the inception of the policy due to disease, stunted growth and low yield.","sources":[{"clause":"Section II(i)","heading":null,"page":4,"url":"https://indiainsurances.com/policy/new-india-assurance/new-india-shrimp-prawn-insurance-policy-irdan190p0046v01100001/document/13563#c-section-ii-i"},{"clause":"Section II(ii)","heading":null,"page":4,"url":"https://indiainsurances.com/policy/new-india-assurance/new-india-shrimp-prawn-insurance-policy-irdan190p0046v01100001/document/13563#c-section-ii-ii"},{"clause":"Section II(iii)","heading":null,"page":4,"url":"https://indiainsurances.com/policy/new-india-assurance/new-india-shrimp-prawn-insurance-policy-irdan190p0046v01100001/document/13563#c-section-ii-iii"},{"clause":"Section II(iv)","heading":null,"page":4,"url":"https://indiainsurances.com/policy/new-india-assurance/new-india-shrimp-prawn-insurance-policy-irdan190p0046v01100001/document/13563#c-section-ii-iv"},{"clause":"Section II(v)","heading":null,"page":4,"url":"https://indiainsurances.com/policy/new-india-assurance/new-india-shrimp-prawn-insurance-policy-irdan190p0046v01100001/document/13563#c-section-ii-v"},{"clause":"Section II(vi)","heading":null,"page":4,"url":"https://indiainsurances.com/policy/new-india-assurance/new-india-shrimp-prawn-insurance-policy-irdan190p0046v01100001/document/13563#c-section-ii-vi"}],"law":[{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 11","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 16","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"grievance","label":"Grievance route","section":"Claims","meaning":"Who to complain to first, as stated in the policy, before going to the Insurance Ombudsman.","status":"quote-verified","value":"For grievance redressal, the insured may first submit the grievance in writing to the policy issuing office or regional office. The policy also gives links for grievance officer details, IRDAI Integrated Grievance Management System and Insurance Ombudsman.","display":"Submit grievance in writing to the policy issuing office or regional office","note":null,"quote":"In case of any grievance relating to servicing the policy, the Insured may submit it grievance in writing to the Policy issuing office or regional office for redressal. For details of grievance officer - https://www.newindia.co.in/portal/readMore/Grievances IRDAI Integrated Grievance Management System - https://igms.irda.gOV.in/ Insurance Ombudsman -The Insured may also approach the office of Insurance Ombudsman of the respective area/region for redressal of grievance.","sources":[{"clause":"21","heading":"REDRESSAL OF GRIEVANCE","page":13,"url":"https://indiainsurances.com/policy/new-india-assurance/new-india-shrimp-prawn-insurance-policy-irdan190p0046v01100001/document/13563#c-21"}],"law":[{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 3","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 4","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 5","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(11)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(42)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 34","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 69","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Insurance Act, 1938","section":"Section 38","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 12","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 19","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 20","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 13","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(5), 5(6)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(9)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 25","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 26","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule III, Para 11","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"Review of revision in premium rates under health insurance policies for senior citizens, 2025","section":"Para 3","url":"https://indiainsurances.com/law/irdai-senior-premium-2025"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 13","url":"https://indiainsurances.com/law/ombudsman-rules-2017"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 14","url":"https://indiainsurances.com/law/ombudsman-rules-2017"}]},{"key":"perils","label":"What is covered","section":"Cover","meaning":"The events or risks covered.","status":"quote-verified","value":["Summer Kill","Pollution (From External Source only)","Poisoning by Third Party","Riot and Strike","Malicious Acts of third parties","Earthquake","Explosion/lmplosion","Storm, Tempest, Cyclone, Typhoon, Hurricane, Tornado, Flood, Inundation, Volcanic Eruption and/or other convulsions of nature","Flood and Inundation due to tidal effect (Normal Tide Excluded)","Aircraft and other aerial devices or articles dropped there from","Impact with any road vehicle","Terrorism","White spot disease (WSD)","Infectious hypodermal and hematopoietic necrosis (IHHN)","Infectious myonecrosis (|IMN)","Hepatopancreatic microsporidiasis (HPM)","Vibriosis","Running mortality syndrome (RMS)","Enterocytozoon hepatopenaei (EHP)"],"display":"Basic perils such as Summer Kill, external pollution, third-party poisoning, riot and strike, malicious acts, earthquake, explosion/implosion, storm/flood and other convulsions of nature, tidal flood/inundation excluding normal tide, aircraft impact, road vehicle impact and terrorism; comprehensive cover diseases include WSD, IHHN, IMN, HPM, Vibriosis, RMS and EHP","note":"Disease cover is subject to exclusions and does not cover diseases caused by bad management or nutritional deficiencies.","quote":"The perils covered under the policy are:\ni) Summer Kill (Summer syndrome is a disease that affects shrimp and is caused by Vibrio Nigripulchritudo, a type of bacteria)\nii) Pollution (From External Source only)\niii) Poisoning by Third Party.\niv) Riot and Strike.\nv) Malicious Acts of third parties.\nvi) Earthquake. vii Explosion/lmplosion.\nviii. Storm, Tempest, Cyclone, Typhoon, Hurricane, Tornado, Flood, Inundation, Volcanic Eruption and/or other convulsions of nature.\nix. Flood and Inundation due to tidal effect (Normal Tide Excluded).\nx. Aircraft and other aerial devices or articles dropped there from.\nxi. Impact with any road vehicle.\nxii. Terrorism. ... Subject to the exclusions contained in this policy, the Company will indemnify against death of shrimps/prawns due to below listed diseases except diseases caused by bad management and/or which are due to nutritional deficiencies. ... Following diseases will be covered under the policy:\nWhite spot disease (WSD) Infectious hypodermal and hematopoietic necrosis (IHHN) Infectious myonecrosis (|IMN) Hepatopancreatic microsporidiasis (HPM) Vibriosis Running mortality syndrome (RMS) Enterocytozoon hepatopenaei (EHP)","sources":[{"clause":"Section I","heading":"Basic Cover","page":3,"url":"https://indiainsurances.com/policy/new-india-assurance/new-india-shrimp-prawn-insurance-policy-irdan190p0046v01100001/document/13563#c-section-i"},{"clause":"Section II","heading":"Comprehensive cover","page":4,"url":"https://indiainsurances.com/policy/new-india-assurance/new-india-shrimp-prawn-insurance-policy-irdan190p0046v01100001/document/13563#c-section-ii"},{"clause":null,"heading":"Notified Disease List","page":4,"url":"https://indiainsurances.com/policy/new-india-assurance/new-india-shrimp-prawn-insurance-policy-irdan190p0046v01100001/document/13563#c-notified-disease-list"}],"law":[]},{"key":"deductible","label":"Deductible or excess","section":"Limits and co-pay","meaning":"Amount of each claim you bear.","status":"quote-verified","value":"The insurer's liability is restricted to 80% of the claim amount, and the insured bears 20% of the claim amount. Salvage value is also deducted from the claim amount as per the salvage valuation table.","display":"20% of claim amount borne by the insured; insurer liability restricted to 80%","note":"Salvage is not applicable up to 45 days of culture; later salvage percentages are as per the policy table.","quote":"VII. Excess Clause:\nThe Company liability is restricted to 80% of the claim amount, and 20% of claim amount should be borne by the Insured. ... viil) Salvage: In the event of loss, the salvage value is deducted from the claim amountas per the Salvage valuation table which is mentioned as below:","sources":[{"clause":"9","heading":"The Losses due to diseases which are curable and manageable (such as Vibriosis and","page":6,"url":"https://indiainsurances.com/policy/new-india-assurance/new-india-shrimp-prawn-insurance-policy-irdan190p0046v01100001/document/13563#c-9-2"},{"clause":"9(iii)","heading":"Death Certificate","page":7,"url":"https://indiainsurances.com/policy/new-india-assurance/new-india-shrimp-prawn-insurance-policy-irdan190p0046v01100001/document/13563#c-9-iii-2"}],"law":[]},{"key":"cancellation_refund","label":"Cancellation by you","section":"Renewal and rights","meaning":"What you get back if you cancel during the year.","status":"quote-verified","value":"The policyholder can cancel the policy at any time during the term by informing the company and need not give reasons. The company refunds proportionate premium for the unexpired policy period on a pro-rata basis if the insured has not availed government incentive for the insurance and has not lodged any claim in the policy.","display":"Pro-rata refund of proportionate premium for unexpired policy period, if no government incentive was availed and no claim was lodged","note":null,"quote":"11 Cancellation: The policyholder can cancel the policy at any time during the term, by informing the Company. In case the Policyholder cancels the policy, he/she is not required to give reasons for cancellation. The Company can cancel the policy only on the grounds of established fraud, by giving minimum notice of 7 days to the policyholder. The Company shall refund proportionate premium for unexpired Policy Period, on Pro-rata basis, if Insured has not availed government incentive for purchase of Insurance and has not lodged any claimed in the policy.","sources":[{"clause":null,"heading":"Table 2 Salvage percentage of Total Input Cost","page":8,"url":"https://indiainsurances.com/policy/new-india-assurance/new-india-shrimp-prawn-insurance-policy-irdan190p0046v01100001/document/13563#c-table-2-salvage-percentage-of-total-input-cost"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 64VB","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 8","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 6","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 17","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(3) to 20(5)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, III.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, IV.4","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, IV.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"territory","label":"Where it covers","section":"Overview","meaning":"Geographic area of cover: India only, worldwide, or listed countries. 'As stated in the schedule' is not an answer.","status":"not-stated","value":null,"display":null,"note":"The policy refers to registered brackish water farms and Indian courts/rupees, but does not state the geographic territory of cover.","quote":null,"sources":[],"law":[]},{"key":"subject_covered","label":"What is insured","section":"Cover","meaning":"The thing or risk this policy covers.","status":"quote-verified","value":"The policy covers shrimps/prawn farms in brackish water that are duly registered with the licensing authority and comply with relevant State/Central guidelines. It indemnifies total loss of the insured cultivable shrimp/prawn species arising from insured perils during the policy period.","display":"Shrimps/prawns farms in brackish water and the insured cultivable species","note":"The policy says it is not applicable to other freshwater and marine fisheries.","quote":"The policy is applicable to shrimps/prawns farms in brackish water duly registered with Licensing authority and complying with relevant guidelines (State/Central Agencies) and culturing shrimps/prawns of the below mentioned species as per the recommended practices by State/Central agencies: ... Subject to terms, conditions and exclusions contained herein or endorsed hereon, the Company hereby agrees to indemnify the Insured for 80% of the Sum Insured in the event of a ‘Total Loss' of the insured cultivable species, arising from any insured perils as specified in the Policy Schedule, occurring during the Policy Period.","sources":[{"clause":"II","heading":"ELIGIBILITY","page":3,"url":"https://indiainsurances.com/policy/new-india-assurance/new-india-shrimp-prawn-insurance-policy-irdan190p0046v01100001/document/13563#c-ii"},{"clause":null,"heading":"III. Scope of Cover","page":3,"url":"https://indiainsurances.com/policy/new-india-assurance/new-india-shrimp-prawn-insurance-policy-irdan190p0046v01100001/document/13563#c-iii-scope-of-cover"}],"law":[]}],"documents":[{"kind":"wording","label":"Policy clause","pages":14,"fetched_at":"2026-10-17 19:55:38+00","source_url":"https://www.newindia.co.in/assets/docs/know-more/rural/shrimp-prawn-insurance/Policy%20Clause%20NIA%20Shrimp%20Insurance.pdf","url":"https://indiainsurances.com/policy/new-india-assurance/new-india-shrimp-prawn-insurance-policy-irdan190p0046v01100001/document/13563"},{"kind":"cis","label":"Customer Information Sheet","pages":6,"fetched_at":"2026-10-17 19:56:25+00","source_url":"https://www.newindia.co.in/assets/docs/know-more/rural/shrimp-prawn-insurance/CUSTOMER%20INFORMATION%20SHEET.pdf","url":"https://indiainsurances.com/policy/new-india-assurance/new-india-shrimp-prawn-insurance-policy-irdan190p0046v01100001/document/13585"}],"versions":[],"where_to_buy":[{"purpose":"buy","kind":"insurer","name":"New India Assurance official website","url":"https://www.newindia.co.in/","note":"Buy directly from the insurer."},{"purpose":"buy","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."}],"claims_and_complaints":[{"purpose":"claim","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."},{"purpose":"grievance","kind":"insurer","name":"Grievance redressal","url":"https://www.newindia.co.in/grievance","note":null},{"purpose":"grievance","kind":"official","name":"Bima Bharosa (IRDAI grievance portal)","url":"https://bimabharosa.irdai.gov.in/","note":"Register and track a complaint against any insurer with IRDAI. Complain to the insurer first; escalate here if the reply is late or unsatisfactory."},{"purpose":"grievance","kind":"official","name":"e-Daakhil (consumer commission e-filing)","url":"https://edaakhil.nic.in/","note":"Not reachable from our crawler on 2026-10-19; use e-Jagriti if this link does not open."},{"purpose":"grievance","kind":"official","name":"e-Jagriti (consumer commission filing)","url":"https://e-jagriti.gov.in/","note":"Ministry of Consumer Affairs platform for consumer commission cases, a route for insurance disputes that the Ombudsman does not settle."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Ahmedabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Gujarat, Dadra & Nagar Haveli, Daman and Diu. Email: oio.ahmedabad@cioins.co.in. Phone: 079 - 25501201/02. Address: Office of the Insurance Ombudsman, Jeevan Prakash Building, 6th floor, Tilak Marg, Relief Road, AHMEDABAD – 380 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bengaluru","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Karnataka. Email: oio.bengaluru@cioins.co.in. Phone: 080 - 26652048 / 26652049. Address: Office of the Insurance Ombudsman, Jeevan Soudha Building,PID No. 57-27-N-19 Ground Floor, 19/19, 24th Main Road, JP Nagar, Ist Phase, Bengaluru – 560 078."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhopal","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Madhya Pradesh, Chhattisgarh. Email: oio.bhopal@cioins.co.in. Phone: 0755 - 2769201 / 2769202 / 2769203. Address: Office of the Insurance Ombudsman, 1st floor,\"Jeevan Shikha\", 60-B,Hoshangabad Road, Opp. Gayatri Mandir,Arera Hills Bhopal – 462 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhubaneswar","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Odisha. Email: oio.bhubaneswar@cioins.co.in. Phone: 0674 - 2596461 /2596455/2596429/2596003. Address: Office of the Insurance Ombudsman, 62, Forest park, Bhubaneswar – 751 009."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chandigarh","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Punjab, Haryana (excluding Gurugram, Faridabad, Sonepat and Bahadurgarh), Himachal Pradesh, Union Territories of Jammu & Kashmir,Ladakh & Chandigarh. Email: oio.chandigarh@cioins.co.in. Phone: 0172-2706468. Address: Office Of The Insurance Ombudsman, Jeevan Deep Building SCO 20-27, Ground Floor Sector- 17 A, Chandigarh – 160 017."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chennai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Tamil Nadu, PuducherryTown and Karaikal (which are part of Puducherry). Email: oio.chennai@cioins.co.in. Phone: 044 - 24333668 / 24333678. Address: Office of the Insurance Ombudsman, Fatima Akhtar Court, 4th Floor, 453, Anna Salai, Teynampet, CHENNAI – 600 018."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Delhi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Delhi & following Districts of Haryana - Gurugram, Faridabad, Sonepat & Bahadurgarh. Email: oio.delhi@cioins.co.in. Phone: 011 - 46013992/23213504/23232481. Address: Office of the Insurance Ombudsman, 2/2 A, Universal Insurance Building, Asaf Ali Road, New Delhi – 110 002."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Guwahati","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Assam, Meghalaya, Manipur, Mizoram, Arunachal Pradesh, Nagaland and Tripura. Email: oio.guwahati@cioins.co.in. Phone: 0361 - 2632204 / 2602205 / 2631307. Address: Office of the Insurance Ombudsman, Jeevan Nivesh, 5th Floor, Near Pan Bazar , S.S. Road, Guwahati – 781001(ASSAM)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Hyderabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Andhra Pradesh, Telangana, Yanam and part of Union Territory of Puducherry. Email: oio.hyderabad@cioins.co.in. Phone: 040 - 23312122 / 23376991 / 23376599 / 23328709 / 23325325. Address: Office of the Insurance Ombudsman, 6-2-46, 1st floor, \"Moin Court\", Lane Opp.Hyundai Showroom , A. C. Guards, Lakdi-Ka-Pool, Hyderabad - 500 004."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Jaipur","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Rajasthan. Email: oio.jaipur@cioins.co.in. Phone: 0141- 2740363. Address: Office of the Insurance Ombudsman, Jeevan Nidhi – II Bldg., Gr. Floor, Bhawani Singh Marg, Jaipur - 302 005."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kochi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Kerala, Lakshadweep, Mahe-a part of Union Territory of Puducherry. Email: oio.ernakulam@cioins.co.in. Phone: 0484 - 2358759. Address: Office of the Insurance Ombudsman, 10th Floor, Jeevan Prakash,LIC Building, Opp to Maharaja's College Ground,M.G.Road, Kochi - 682 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kolkata","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: West Bengal, Sikkim, Andaman & Nicobar Islands. Email: oio.kolkata@cioins.co.in. Phone: 033 - 22124339 / 22124341. Address: Office of the Insurance Ombudsman, Hindustan Bldg. Annexe, 7th Floor, 4, C.R. Avenue, KOLKATA - 700 072."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Lucknow","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Districts of Uttar Pradesh : Lalitpur, Jhansi, Mahoba, Hamirpur, Banda, Chitrakoot, Allahabad, Mirzapur, Sonbhabdra, Fatehpur, Pratapgarh, Jaunpur,Varanasi, Gazipur, Jalaun, Kanpur, Lucknow, Unnao, Sitapur, Lakhimpur, Bahraich, Barabanki, Raebareli, Sravasti, Gonda, Faizabad, Amethi, Kaushambi, Balrampur, Basti, Ambedkarnagar, Sultanpur, Maharajgang, Santkabirnagar, Azamgarh, Kushinagar, Gorkhpur, Deoria, Mau, Ghazipur, Chandauli, Ballia, Sidharathnagar. Email: oio.lucknow@cioins.co.in. Phone: 0522 - 4002082 / 3500613. Address: Office of the Insurance Ombudsman, 6th Floor, Jeevan Bhawan, Phase-II, Nawal Kishore Road, Hazratganj, Lucknow - 226 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Mumbai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: List of wards under Mumbai Metropolitan Region excluding wards in Mumbai – i.e M/E, M/W, N , S and T covered under Office of Insurance Ombudsman Thane and excluding areas of Navi Mumbai. Email: oio.mumbai@cioins.co.in. Phone: 022 - 69038800/27/29/31/32/33. Address: Office of the Insurance Ombudsman, 3rd Floor, Jeevan Seva Annexe, S. V. Road, Santacruz (W), Mumbai - 400 054."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Noida","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Uttarakhand and the following Districts of Uttar Pradesh: Agra, Aligarh, Bagpat, Bareilly, Bijnor, Budaun, Bulandshehar, Etah, Kannauj, Mainpuri, Mathura, Meerut, Moradabad, Muzaffarnagar, Oraiyya, Pilibhit, Etawah, Farrukhabad, Firozbad, Gautam Buddh nagar, Ghaziabad, Hardoi, Shahjahanpur, Hapur, Shamli, Rampur, Kashganj, Sambhal, Amroha, Hathras, Kanshiramnagar, Saharanpur. Email: oio.noida@cioins.co.in. Phone: 0120-4027589. Address: Office of the Insurance Ombudsman, Bhagwan Sahai Palace 4th Floor, Main Road, Naya Bans, Sector 15, Distt: Gautam Buddh Nagar, U.P-201301."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: offices and jurisdiction","url":"https://www.cioins.co.in/Ombudsman","note":"Addresses, phone numbers, e-mail and the states or districts each Ombudsman office covers."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Patna","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Bihar, Jharkhand. Email: oio.patna@cioins.co.in. Phone: 0612-2547068. Address: Office of the Insurance Ombudsman, 2nd Floor, Lalit Bhawan, Bailey Road, Patna 800 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Pune","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Goa and State of Maharashtra excluding areas of Navi Mumbai, Thane district,Palghar District, Raigad district & Mumbai Metropolitan Region. Email: oio.pune@cioins.co.in. Phone: 020-24471175. Address: Office of the Insurance Ombudsman, Jeevan Darshan Bldg., 3rd Floor, C.T.S. No.s. 195 to 198, N.C. Kelkar Road, Narayan Peth, Pune – 411 030."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: register a complaint online","url":"https://cioins.co.in/Complaint/Online","note":"Council for Insurance Ombudsmen. Free. For disputes with an insurer after its own grievance process; the office is chosen by where you live (see the offices list)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Thane","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Area of Navi Mumbai, Thane District, Raigad District, Palghar District and wards of Mumbai , M/East, M/West, N, S and T. Email: oio.thane@cioins.co.in. Phone: 022-20812868/69. Address: Office of the Insurance Ombudsman, Jeevan Chintamani Building, 2nd Floor,Near New RTO Office, Louis Wadi,Vasantrao Naik Mahamarg, Thane (West)- 400604."},{"purpose":"grievance","kind":"official","name":"National Consumer Helpline","url":"https://consumerhelpline.gov.in/public/","note":"Government consumer helpline; can take up a complaint before you go to a consumer commission."},{"purpose":"port","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."}],"notice":"Information, not advice. IndiaInsurances is not an insurer or an insurance intermediary, does not sell insurance and earns no commission. Policy terms change and your own policy schedule can differ: always confirm with the policy document and the insurer before you buy or claim.","cite_as":"New India Shrimp/Prawn Insurance Policy (UIN IRDAN190P0046V01100001), IndiaInsurances, https://indiainsurances.com/policy/new-india-assurance/new-india-shrimp-prawn-insurance-policy-irdan190p0046v01100001"}