This insurance scheme is implemented to cover cattle, goats and sheep in the field with the aim of reducing the risk and ensuring the safety of large scale as well as small scale livestock producers. Under the basic insurance, compensation is paid for the death of an animal due to an accident, illness and total disability, and for the death of an animal with higher risks (such as fire, lightning or earthquakes, use for plowing, transportation, etc.) to get additional coverage by paying an additional amount. Facilities are provided.
Livestock Insurance Schemes
- Proposed animals must be healthy and in good health.
- Approved immunizations for diseases should be carried out.
- Animals must be reared under close supervision.
- Animal death
- The animal becomes completely impotent
Reserve amount per acre is Rs. If less than 100,000, all natural hazards including flood, drought and wild elephant risks are covered and the insured amount is Rs. 100,000 or more and all risks are covered.
| Nature of Insurance | Risk Coverage | Insurance Premium (In Sum Assured per Acre) |
| Sum assured per acre is less than Rs.100,000/- | All natural hazards including flood, drought and wild elephants | |
| 100,000/- per acre | All risks | If the sum insured for sister is Rs.100,000/- then the insurance premium for Rs.100,000/- is 6.4% = 6,400/- |
| 100,000/- more per acre | All risks | In addition to the 6.4% insurance premium up to Rs.100,000/- per acre, an additional insurance premium of 9% will be charged for the amount exceeding Rs.100,000/-. |
To obtain insurance coverage related to Livestock Insurance,
Meet the District Offices of Agricultural and Agrarian Insurance Board / Representatives of Agricultural and Agrarian Insurance Board / Agricultural Research and Production Assistant Officers in your area.