VAE 511: Livestock Entrepreneurship (1+0)

POULTRY INSURANCE

Highlights

• This is a comprehensive insurance scheme applicable to poultry farms consisting of layer birds, broiler birds and parent stock (Hatchery) which are exotic and crossbred.
• All birds in a farm should be covered. After issuing policy, if additional birds are introduced in the farm, immediate notice to be given to insurer otherwise claim will be repudiated.
• The scheme is applicable to poultry farms consisting of minimum number of birds as specified.

The scheme is available for insuring birds in the following age groups

Broilers	1 day to 8 weeks 1 day to 6 weeks
Layers	1 day to 20 weeks 21 weeks to 72 weeks 1 day to 72 weeks
Hatchery Birds (Parent Stock)	1 day to 72 weeks

• The premium rates are applicable on per cent basis which are applicable to the peak value of birds in the applicable categories.
• The sum insured is the peak value and for broilers it is Rs 45 and for layers Rs 75. There is a week wise valuation table in-built in the policy which is applied for calculating indemnity. In case of parent ,stock the same is negotiable.
• The policy is charactersied by excess and final indemnity is restricted to 80% (60% in case of Gumboro).
• The scheme is characterized by No claim discounts as well as good feature discount.

Insurance Coverage

• The policy shall provide indemnity against death of birds due to accident (including fire, lightning, flood, cyclone, storm, tempest, earthquake, strike, riot, act of terrorism) or diseases contracted or occurring during the period of insurance subject to the exclusions.

How to Effect Insurance

• Proposal form.
• Veterinary Health Certificate from a qualified veterinarian.
• All birds in the farm should be covered. Farm should follow standard package of practices, vaccination schedule, deworming and debeaking.
• Farm should maintain essential records as per insurers specifications.

Claim Procedure

• In the event of death of birds, immediate intimation should be given to the Company and the Insurer should be supplied with the following documents and required information:

  • Duly filled in claim form.
  • Vet. P.M. Report for sample birds.
  • Daily records of mortality, feeding, etc.
  • Purchase invoices for the birds.
  • Any other point to substantiate the loss like photographs, medical bills, etc. as and when required.
• In case of alarming death/outbreak of epidemic nature, immediate notice within 12 hours should be given to the Company and all birds should be segregated and produced to the representative of the Company or to any person authorised by the Company for inspection.
• Daily mortality details should be sent to the Company on weekly basis failing which report will be treated as nil for that particular week.
• Delay in reporting of the claim should be avoided and if there is delay for more than three days the claim would be treated as non-standard.
• In case of doubtful claims/ farms for which claim ratio is adverse, Technical Report from an expert may be insisted for settlement of claim.