Cattle Insurance

CATTLE INSURANCE

  • The scheme covers the following animals, whether indigenous, exotic or cross-bred.
    • Milch Cows and Buffaloes
    • Calves / Heifers
    • Stud Bulls
    • Bullocks (Castrated Bulls) and Castrated Male Buffaloes
  • Animals within a specified age group are accepted under the Standard Insurance Scheme.
  • Sum insured under the policy will be the market value of the animal.
  • Indemnity under the policy will be the sum insured or market value prior to illness whichever is less. The indemnity is limited to 75% of sum insured in case of a PTD claim.
  • The basic premium rate per annum is 4% of the sum insured. Long term policies are also issued with long term discounts.
  • The premium rates under the policy are concessional for covering animals under government subsidized schemes.
  • Group discounts are also available.

Insurance Coverage

  • The policy shall give indemnity for death due to.
    • Accident (due to fire, lightning, flood, inundation, storm, hurricane, earthquake, cyclone, tornado, tempest and famine).
    • Diseases contracted or occurring during the period of the policy.
    • Surgical Operations.
    • Riot and Strike.
  • The policy can also be extended to cover PTD on payment of extra premium;
    • Permanent total disability which, in the case of milch cattle result in permanent and total incapacity to conceive or yield milk.
    • PTD which in the case of stud bulls results in permanent and total incapacity for breeding purpose.
    • In case of bullocks, calves / heifers and castrated male buffaloes results in permanent and total incapacity for the purpose of use mentioned in the proposal form.

Documents to Effect Insurance Coverage

  • Proposal form
  • Veterinary health certificate from a qualified veterinarian giving the age, identification marks, health, and market value of the animal in the prescribed format.

Identification of Animal

  • All insured animals should be suitably identified by natural identification marks and color should be clearly noted in the proposal form and Veterinarian's Report.
  • Ear tags made of suitable material are applied to the ear of the animals and the code number is entered into the Veterinary Health Certificate.
  • Photographs of animals may be insisted in case of high value animal.

Claim Procedure

  • In the event of death of an animal, immediate intimation should be sent to the insurers and the following requirements should be furnished:
    • Duly completed claim form.
    • Death certificate obtained from qualified Veterinarian on Company's form.
    • Postmortem examination report if required by the Company.
    • Ear tag applied to the animal should be surrendered. The condition of 'No Tag- No claim' will be applied if the tag is not surrendered.
  • Claim procedure for PTD claim
    • A certificate from the qualified veterinarian to be obtained.
    • The animal will be inspected by the company's Veterinary Officer also.
    • Complete chart of treatment, medicines used, receipts, etc. should be submitted.
    • Admissibility of claim will be considered after two months of Veterinary Doctor / Company Doctor's report.
    • The indemnity is limited to 75% of sum insured.
Last modified: Tuesday, 24 April 2012, 11:15 AM