What is Cattle Insurance?

A sort of insurance coverage known as "cattle insurance" shields owners of livestock from monetary losses brought on by a variety of dangers and hazards that might harm their animals. Farmers, ranchers, and other livestock owners who rely on their animals for a living require this form of insurance.

Farmers and ranchers that invest a significant amount of money in raising and caring for their cattle benefit financially from the financial impact of unplanned disasters thanks to cattle insurance. Cattle owners should carefully evaluate the policy specifics and engage with insurance providers to customize coverage to meet their unique needs, since the terms and particular coverage of policies might differ. When it comes to risk management than cattle insurance may be a significant resource for livestock producers.

Benefits Of Cattle Insurance

1.    Full coverage: The Insurance policy covers risks such as loss due to death, accident, illness or disease of the animal.

2.    Minimum requirement: Only a certificate from the qualified veterinary officer is necessary for accepting the proposal and also to fix the value of the cattle which forms the basis for loss settlement in Cattle Insurance policy.

WHAT DOES THE POLICY COVER?

Usually, the coverage offers defense against hazards like:

1. Mortality: Coverage for the death of cattle due to various reasons, including accidents, diseases, or natural disasters.

2. Theft: Protection against the theft of cattle.

3. Accidents and Illness: Coverage for medical expenses or loss of value resulting from accidents or illness affecting the insured cattle.

4. Natural Disasters: Protection against losses caused by natural disasters such as floods, earthquakes, or wildfires.

5. Ingestion of Foreign Objects: Coverage for losses caused by cattle ingesting foreign objects that can lead to health issues or death.

TYPES OF CATTLE THAT ARE COVERED ARE: -

•  Indigenous Breed
•  Cross Breed
•  Exotic Breed

TYPE AND AGE GROUP OF ANIMALS COVERED: -

• Milch Cows - 2 Years or Age at First Calving To 9 Years.
• Milch Buffaloes - 3 Years or Age at First Calving To 9 Years.
• Stud Bulls - 3 Years or Age at Sexual Maturity To 8 Years.
• Bullocks - 3 To 9 Years.
• Female Calves, Heifers - 4 Months Up to Date Of 1st Calving.

WHAT IS NOT COVERED?

• Malicious Or Willful Injury or Neglect, Overloading, Unskillful Treatment or Use of Animal for Purposes Other Than Stated in The Policy Without the Consent of The Company in Writing.
• Accidents Occurring and/or Diseases Contracted Prior To Commencement of Risk.
• Death Of Animal(S) Due to Diseases Contracted Within 15 Days from The Date of Commencement of Risk.
• Intentional Slaughter of The Animal Except in Cases Where Destruction Is Necessary to Terminate Incurable Suffering on Humane Grounds on The Basis of a Certificate Issued by A Qualified Veterinarian or In Cases Where Destruction Is Resorted to By Order of a Lawfully Constituted Authority.
• Injury Or Death Due to Transportation by Any Mode.
• Pleuropneumonia In Respect of Cattle in Lakhipur and Sibsagar Districts of Assam.
• Theft Of the Insured Animal.
• War, Invasion, Act of Foreign Enemy, Hostilities (Whether War Be Declared or Not), Civil War Rebellion, Revolution, Insurrection, Mutiny, Tumult, Military or Usurped Owner or Any Consequences Thereof or Attempt Thereat).
• Any Accident, Loss, Destruction, Damage or Legal Liability, Directly or Indirectly, Used by Or Contributed to By or Arising from nuclear weapons/Materials.

Introductory Video