- What is livestock insurance?
Ans: Livestock insurance is a form of compensation provided within a set of conditions in the event of death of livestock resulting from disease/accident.
- Excluding death from diseases/accidents, what other benefits will the insurance cover?
Ans: Compensation will be provided in the event of partial damage incurred during pregnancy related complications or due to an accident.
- What is the purpose of livestock insurance?
Ans: To save needy farmers/farm owners from financial setbacks and compensate for financial loss using insurance in the event of death of livestock due to accident, natural disaster and diseases.
- What is the goal of livestock insurance?
Ans: To inspire farmers and farm owners for investing in livestock production and farming by providing financial security and loan safety.
- What are the characteristics of livestock insurance?
- Ensuring compensation within a given set of conditions for death of livestock due to disease/accident which will inspire farmers to invest more into farming.
- Ensuring good practice by keeping record of correct vaccination time on card during livestock vaccination.
- A transparent insurance claiming system
- Settlement of insurance claim at earliest convenience by using a planned procedure
- Using digital technology and mobile application in this insurance to complete full operation
- Can insurance be claimed in the event of distress caused to the livestock intentionally?
Ans: No insurance claim will be entertained if the livestock is harmed by the insurance holder/through someone else by the insurance holder.
- Is it mandatory to vaccinate the livestock with all vaccinations?
Ans: All vaccinations such as Torka, Khur, Badla, Golafula etc needs to be provided from time to time otherwise insurance claim will not be entertained.
- Is insurance available in case of theft or unauthorized slaughter?
Ans: Insurance claim will not be entertained if the insured livestock is stolen, sold off secretly or slaughtered.
- While claiming insurance, is there any limit regarding the distance of the farm from the livestock?
Ans: Insurance cannot be claimed if the insured livestock dies 10 km away from the farm.
- Will there be any problem regarding change of ownership for an insured livestock?
Ans: In the event of change of ownership, the insurance will be deemed ineffective and the new owner will have to reinsure the livestock.
- Is there any age limit for the livestock to get insured?
Ans: The livestock should be between the age of 6 month to 7 years old.
- Is post-mortem required for insured livestock in case of death/accident?
Ans: Within 12 hours from the death of livestock due to disease or accident, a post-mortem is required through an authorized veterinarian.
- Is post-mortem a requirement for partial damage done to an insured livestock due to an accident?
Ans: In the event partial damage caused during accident or pregnancy a certificate will be required from an authorized veterinarian.
- How will the livestock get identified?
Ans: For livestock insurance, NFC tag will be used to identify the animal.
- How will the ground level operation run?
Ans: All operation will be executed using mobile application.
- Is the tag removable from the livestock’s neck?
Ans: The NFC tag cannot be removed from the animal’s neck at any cost during the period of the insurance.
- What is the procedure to claim the insurance?
- A required form needs to be filled out for claim settlement
- A health card needs to be submitted for dead livestock
- Insurance claim settlement procedure will be accepted with the return of the dead animal’s NFC tag
- Provide post-mortem report issued by registered veterinarian for dead livestock
- Certificate from veterinarian needs to be collected for partial damage caused to livestock due to an accident or pregnancy