ICICI Lombard Cattle Insurance

CATTLE INSURANCE

Cattle are considered to be one of the most valuable assets of farmer. The cattle insurance policy covers indigenous cross bred and exotic cattle owned by private owners an financial institutions that is bank financed, military dairy farms, co-opt, dairies, corporate dairies. It provides protection against death of cattle due to accident or acts of God perils.

 

COVERAGE

Cattle insurance covers death of due to

1) Accident caused by:

    Fire

    Electrocution

    Snake bite

    Wild life attack

    Strangulation  

     Accidental External Means

      Drowning in rivers, lake, pond, sea and other water bodies

      Poisoning

      Riot, strike

2) Acts of god perils: death due to uncontrollable risks-acts of go –like:

• . Storm, tempest, flood and Inundation (STFI)
• . Earth quake
• Tornado, Hurricane, Cyclone.
• Famine and drought.
• Landslide and rockslide
• Lightning.

3) Health related causes:

Diseases, epidemic in nature, contracted or occurring during the policy period only.  Surgical operations with prior intimation to ICICI Lombard general insurance company.

The sum insured of cattle depends on the market value of the insured cattle, as determined by authorized cattle valuation agencies, authorized veterinary or insurance company’s authorized personnel.

 

ADVANTAGES

• The policy provides comprehensive cover to cattle against almost all possible causes of accidental death.
• It covers cattle by individuals as well as organizations/groups

 

PREMIUM

Premium payable per animal is worked as percentage of the sum insured of the animal. This rate is usually 5 to 6% of the value of the animal.

CLAIM PROCESS-right assessment of claims and certification of the same assumes a great importance in cattle insurance. Upon the incidence of death of an animal it has to be intimated to the company immediately. A veterinary doctor visits the site of death at the earliest (before the carcass is removed), assesses the reason for death and issues a death certificate. The required document in complete are sent to the company, which intern process, the same.

if you want to buy this policy please call me 9886043598 / 9886315785