Cattle are an important part of Indian economy. Many marginal, small and medium farmers earn a big chunk of their income from cattle rearing. Cattle prices are already high; therefore, its loss can cause huge financial burden on the farmers.
Insurance for cattle farmers covers all Indigenous, Crossbred, and Exotic animals. Animals include milch cows, buffaloes, calves/heifers, stud bulls, bullocks, and mithuns. The cattle insurance provides cover and compensation to the farmer in case of death of animal(s) due to:
- Accident (including fire, lightning, flood, inundation, cyclone, tornado, storm, tempest, hurricane, earthquake, famine, riot, strike and civil commotion)
- Surgical operations
- Diseases contracted or occurring during the period of this Policy