The Fund undertakes an annual exercise of registration of cane plantations starting by mid April of any year to end on 31st May of that year. During the period mid February to end of March, only planters and metayers who have received an invitation should call at any office of the SIFB to register their holdings. As from the beginning of the month of April up to end of the month of May of any year, irrespective of an invitation received, Planters / Metayers may register their holdings at any office of the SIFB during working hours on any week day.
This exercise formalizes the insurance policy for the ensuing crop provided for in Section 40 of the Act. Registration after 31st May is effected on payment of late registration fee. The main objective of this exercise is to confirm the data (holdings) of an insured. The registered data is thereafter used by the insured to enter into a contract for the supply of his canes for milling.
On and above, this exercise permits an interaction between the Fund and its insureds. The Insureds have the opportunity to enquire about their holdings, cane weight, Insurable Sugar, compensation,etc.
