Features and Claim Settlement Of Livestock & Cattle Insurance

1. Welcome
To My Presentation

2. Mr. Subrata Kumar
Senior Lecturer
Department of Business Administration
Central Women’s University
Farjana Akhter
ID: 2018-2-16-005
Department of Business Administration
Central Women’s University

3. Livestock
&
Cattle Insurance
Presentation Topic:

4. Features Of Livestock
Insurance & Cattle
Insurance
LI & CI

5.  All risks mortality for
specified animals
 Fertility guarantee
 Loss of use – infertility
 Disease
Features & Benefits
Of LI

6. Special Features In LI:
 As mentioned earlier, pet insurance and livestock insurance are
two different plans for good reasons. While your pack of dogs
may be kept for your own pleasure, for example, your herds of
cattle are bred for profits-truly, two different perspectives
requiring two different insurance coverage.
Cont…

7. Features & Benefits
Of Cattle Insurance
Cattle Insurance is suitable for the farmer who owns
the cattle and the banks or financial institutions who
have financed for the purchase of cattle under
District Rural Development Scheme or Drought
Prone Areas Programmed Schemes.

8.  Cattle Insurance policy is usually given
for a period of 12 months or for a long
term of 3 to 5 years as per term of loan.
 The Insurance policy covers risks such
as loss due to death, accident, illness or
disease of the animal.
Special Features of CI

9. Benefits of CI
Cattle Insurance pays for
the market value of the
animal prior to the
accident or the sum
insured whichever is less.
A certificate from the
veterinary surgeon will be
necessary to claim the
amount in the case of
death of the cattle.

10. Claims And
Settlement Of
LI & CI

11. Documents Required for
Claim Process of LI
 Proposal Form
 Medical Certificate from Veterinary
doctor
 Minimum 3 Photographs of the
insured animals of post card size, to
be provided by the proposer where
applied tag can be clearly identified
 DD/Cheque along with above given
documents

12. Claims Settlement
of LI
1. Immediate intimation should be given
to the Company on its 24x7 toll free
customer care number.
2. Customer needs to approach to the
authorized veterinary doctor and the
authorized person of the Company to
certify death of the Insured animal.
3. Along with the claim form list of
documents needs to be submitted
by the proposer/insured.

13. Documents Required for
Claim Process of CI
 Proposal form
 Medical certificate from veterinary
doctor
 Minimum 4 photographs of the insured
animal
 Duly filled in claim form
 Receipt of payment while purchasing the
animal
 Identification tag of the insured cattle

14. Claim Process of CI
 The owner should immediately
intimate the insurer about the
death/injury on the 24*7 toll
free customer care number of
the provider.
 Get the death certificate or the
certificate of disability from a
veterinary practitioner.

15. Conclusion
 At present, there is no government agency paying any attention to the
dairy insurance scheme.
 Only the banks involved in the project are interested in such schemes.
The procedures are different for dairy insurance and Buffer Fund.

16. Thanks!
Do you have any Question??