Call us: (230) 260 4700
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Location 18, Sir Seewoosagur Ramgoolam Street, Port-Louis
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        • July – Issue 1
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FAQ

    Home FAQ

    WHAT IS AN EVENT YEAR?

    In respect of any factory area, a crop year may be declared by the Board not later than 31st January of any crop year to be an “Event Year” on account of the occurrence of all or any of the following causes: cyclones, drought or excessive rainfall having caused losses in sugar production.

    In case of non declaration of an “Event Year” in respect of any factory area, Insureds may not later than 30th April request the Board in writing to make the declaration.

    HOW INSURABLE SUGAR PER HECTARE (ISH) IS CALCULATED?

    The potential amount of sugar one hectare of your plantation can produce; basically it is the weighted average sugar yield per hectare of your 3 best years (for which reliable data exists) out of the 8 preceding years;
    ISH = Sum of sugar produced up to 78% for your 3 best years
    Sum of harvested hectares for your 3 best years

    WHAT IS INSURED RISK?

    Includes cyclones, drought and excessive rainfall with or without the yellow spot disease; any shortfall due to an insured risk is compensate, provided a declaration for an Event Year has been made.

    WHAT IS UNINSURED RISK?

    An Uninsured Risk is any cause other than cyclone, drought or excessive rainfall resulting in a loss in sugar yield; such cause is usually due to bad husbandry (weeds in the cane plantation, improper fertilisation, gaps, etc.)

    WHAT IS TOTAL INSURABLE SUGAR (TIS)?

    The product of your Insurable Sugar per Hectare and the extent in hectares on which canes have been cut down and sent to mill; it may be adjusted for Uninsured Risks, in which case it is termed “Adjusted Total Insurable Sugar”.

    WHY TOTAL INSURABLE SUGAR IS ADJUSTED (ATIS)?

    Your Total Insurable Sugar adjusted for Uninsured Risks or for unreliable

    WHAT IS SUGAR ACCRUED?

    The Sugar Accrued to a planter is the product of his caneweight sent to mill multiplied by the extraction rate at planter’s share.

    WHAT IS FIRST LOSS?

    First Loss is analogous to “Excess” in car insurance. First Loss is the amount retained from the insured’s Total Insurable Sugar and borne by the insured himself before the computation of his Sugar Shortfall in an Event Year.

    WHAT IS SUGAR SHORTFALL?

    Your Total Insurable Sugar in an Event Year less your First Loss less your Sugar Accrued in that year; the General Compensation payable to you is based on your Sugar Shortfall.

    WHAT IS RANKING?

    Your classification as an insured; the higher your ranking, the lower your premium and first loss percentages, and the higher your shortfall percentage. (i.e. a planter having a higher ranking will receive more compensation, in case of any event, and pay less premium compared to another planter with a lower ranking having the same TIS and shortfall)
    The ranking formula was last amended by regulation Government Notice No. 94 of 2007.

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    ANNUAL REPORTS

    • Annual Report 2017 – 18

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      8 July, 2020
    • Annual Report 2016 – 17

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      23 July, 2018

    CONTACT DETAILS

    A: 18, Sir SSR Street, Port Louis
    P: (230) 260 4700
    F: (230) 208 2634
    E: contact@sifb.mu

    ©Copyright 2020 Sugar Insurance Fund Board. | All Rights Reserved
    • Home
    • Overview
      • Constitution Of The Board
      • Establishment Of The Fund
      • Organisation Of Fund
      • SIFB
      • Useful Links
    • SIF Act
    • Crop Info
      • Synopsis
        • Crop Synopsis 2018
        • Crop Synopsis 2017
        • Crop Synopsis 2016
        • Crop Synopsis 2015
        • Crop Synopsis 2014
        • Crop Synopsis 2013
        • Crop Synopsis 2012
        • Crop Synopsis 2011
        • Crop Synopsis 2010
        • Crop Synopsis 2009
        • Crop Synopsis 2008
        • Crop Synopsis 2007
    • Operations
      • Information
        • Registration
        • Insurable / Non-Insurable Risks
        • Ranking
        • Compensation & Premium
      • Insurance
        • Inspection
        • Survey
        • Assessment
        • Other Services
      • Natural Disaster
        • Excessive Rainfall
        • Droughts
        • Cyclones
    • Publications
      • Annual Reports
        • Annual Report 2016 – 17
        • Annual Report 2015
        • Annual Report 2014
        • Annual Report 2013
        • Annual Report 2012
        • Annual Report 2011
        • Annual Report 2010
        • Annual Report 2009
        • Annual Report 2008
        • Annual Report 06 / 07
        • Annual Report 05 / 06
      • Newsletter
        • 2016
          • July – Issue 1
          • September – Issue 2
          • November – Issue 3
          • December – Issue 4
        • 2017
          • February – Issue 1
          • April – Issue 2
          • June – Issue 3
          • September – Issue 4
          • November – Issue 5
          • December – Issue 6
        • 2018
          • March – Issue 7
    • FAQ
    • News & Events
      • Our Commitment
      • Anti-Corruption Policy
      • Equal Opportunity Policy In Employment
      • Survey Report On Abandonment
      • Complaints Policy
    • Contact
    Sugar Insurance Fund Board