VMD 511: Animal Welfare, Ethics and Jurisprudence (2+0)

LIVESTOCK INSURANCE IN INDIA

Objects of Livestock Insurance

• To guarantee the farmer and livestock owner , the compensation for loss due to the death of the insured animal.
• To enable the livestock owner to repay the loan given to him for purchase of animals to the bank .
• In case of permanent or total or disability of draught animals or the permanent loss of quarters in milch cows, 75% of the insured value is paid to the animal owner.
• To enable livestock owner to get fresh loans again for purchasing similar type of animals.

Conditions for Insurance

• Livestock owners are required to fulfill the following conditions in regard to the animals intended to be insured:
• Provide suitable housing accommodation having byres with sufficient space for manger, watertroughs and suitable housing for poultry.
• Offer good and balanced feed to the animal(s).
• Animals must be free from ecto and endo-parasites and be treated periodically for parasites.
• Animals must be protected against bacterial and viral diseases like anthrax, blackquarter, haemorrhagic septicaemia and foot-and-mouth disease.