CONCEPT OF CATTLE INSURANCE IN INDIA

1. This scheme covers the following whether indigenous, exotic or cross-bred.

a. Milch Cows and Buffaloes

b. Calves / Heifers

c. Stud Bulls

d. Bullocks (Castrated Bulls) and Castrated Male Buffaloes,

2. Animals within a specified age group are accepted under the Standard Insurance Scheme.

3. Sum Insured under the policy will be the Market Value of the animal.

4. Indemnity under the policy will be the sum insured or market value prior to illness whichever is less. The indemnity is limited to 75% of Sum Insured in case of a PTD claim.

5. The basic premium rate per annum is 4% of the Sum Insured. Long term policies are also issued with long term discounts.

6. The premium rates under the policy are concessional for covering animals under government subsidized schemes.

7. Group Discounts are also available.

The policy shall give indemnity for death due to.

a. Accident (Inclusive of fire, lightning, flood, inundation, storm, hurricane, earthquake, cyclone, tornado, tempest and famine).

b. Diseases contracted or occurring during the period of this policy.

c. Surgical Operations.

d. Riot and Strike.

i. Permanent Total Disability which, in the case of Milch Cattle result in permanent and total incapacity to conceive or yield milk.

ii. PTD which in the case of Stud Bulls results in permanent and total incapacity for breeding purpose.

iii. In case of Bullocks, Calves / Heifers and Castrated male buffaloes results in permanent and total incapacity for the purpose of use mentioned in the proposal form.

(A) Common Exclusions:

i. Malicious or willful injury or neglect, overloading, unskillful treatment or use of animal for purpose other than stated in the policy without the consent of the Company in writing.

ii. Accidents occurring and /or Disease contracted prior to commencement of risk.

iii. Intentional slaughter of the animal except in cases where destruction is necessary to terminate incurable suffering on humane consideration on the basis of certificate issued by qualified Veterinarian or in cases where destruction is resorted to by the order of lawfully constituted authority.

iv. Theft and clandestine sale of the insured animal.

v. War, invasion, act of foreign enemy, hostilities (whether war be declared or not), civil war, rebellion, revolution, insurrection, mutiny, tumult, military or usurped power or any consequences thereof or attempt threat.

vi. Any accident, loss, destruction, damage or legal liability directly or indirectly caused by or contributed to by or arising from nuclear weapons.

vii. Consequential loss of whatsoever nature.

viii. Transport by air and sea.

ix. Any non-scheme claim arising due to diseases contracted within 15 days from the date of risk are not covered.

i. Pleuropneumonia in respect of Cattle in Lakhimpur and Sibasagar Districts and newly carved out districts out of these two districts of Assam.

ii. All the claims received without ear tag.

a. Proposal Form

b. Veterinary Health Certificate from a qualified Veterinarian giving the age, identification marks, health, and market value of the animal in the prescribed format.

a. All insured animals should be suitably identified by natural Identification marks and color should be clearly noted in the proposal form and Veterinarian’s Report.

b. Ear tags made of suitable material are applied to the ear of the animals and the code number is entered into the Veterinary Health Certificate.

c. Photographs of animals may be insisted in case of high value animal.

In the event of death of an animal, immediate intimation should be sent to the Insurers and the following requirements should be furnished:

a. Duly completed claim form.

b. Death Certificate obtained from qualified Veterinarian on Company’s form.

c. Postmortem examination report if required by the Company.

d. Ear Tag applied to the animal should be surrendered. The condition of’ No Tag- No claim’ will be applied if the tag is not surrendered..

i. A certificate from the qualified Veterinarian to be obtained.

ii. The animal will be inspected by the company’s Veterinary Officer also.

iii. Complete chart of treatment, medicines used, receipts, etc., should be submitted.

iv. Admissibility of claim will be considered after two months of Veterinary Doctor / Company Doctor’s report.

v. The indemnity is limited to 75% of Sum Insured.

(This proposal must be accompanied by a certificate given by a qualified Veterinary Surgeon)

The Insured animals are covered against death by diseases contracted or occurring during the period of policy, or accident (including of fire, lightning, flood, inundation, storm, hurricane, earthquake, cyclone, tornado, tempest and famine) occurring anywhere in India or such other country or countries as the Company may agree to but excluding death directly or indirectly due to or resulting from:

1. Malicious or willful injury or neglect, overloading, unskillful treatment or use of animal for purpose other than stated in the policy without the consent of the Company in writing.

2. Accident occurring and/or diseases contracted prior to commencement of risk.

3. Intentional slaughter of the animal except in cases whether destruction is necessary to terminate Incurable suffering on humane consideration on the basis of certificate issued by qualified veterinary surgeon or in cases where destruction is resorted to by order of lawfully constituted authority.

4. Transport by air and sea.

5. Rinderpest, Blackquarter, Haemorrhagie, Septicaemia, Anthrax and Food and Mouth disease. These diseases are covered by the policy if the animal is successfully inoculated and necessary vet. Certificate are supplied to the Company.

6. Pleuroneumonia in respect of Cattle in Lakhimpur and Sibsagar District of Assam.

7. Consequential loss of whatsoever nature.

8. Theft or clandestine sale of the Insured animal.

9. Partial Disability of any type, whether permanent or temporary.

10. Permanent Total Disability which in the case of Milch Cattle results in permanent and total incapacity to conceive or yield milk, which in the case of Stud Bulls results in permanent and total incapacity for breeding purpose.

11. War invasion, act of foreign enemy hostilities (whether declared or not) civil war, rebellion, revolution, insurrection, mutiny tumult, military or usurped power or any consequences thereof or attempt threat.

12. The indemnity or compensation provided by this policy shall not apply to or nor include any accident, loss, destruction, damage or legal liability directly or indirectly caused by or contributed to by or arising from nuclear weapons materials.

1. Name of Proposer(s): ______________________________________________

2. Address: _________________________________________________________

3. Occupation: ______________________________________________________

4. Give the following particulars in full, of each of the animals proposed for Insurance:

Animal’s No or Mark and how identifiable Species and Breed Sex, colour and full distinguishing

Mark (such as ear mark, soars etc) Age in Years Height Date of purchase by the proposer and cost price to the proposer Present Market Value Sum for which Insurance is required

5. (a) State for what purpose the animal/s will be used: _________________________

(b) Number of calvings: ________________________________________________

(c) Date of last calving: ________________________________________________

(d) Location of the Farm of place where the animals are stabled: ________________

6. (a) Where is/are animal/s stabled: _________________________________________

(b) Give full particulars of the construction of the stable: _______________________

(C) Is it under your sole occupation? If not, whose other: _____________________

animals are stabled in it?

7. Is /are the animals in the stable sound & healthy & free from vice? ________________

If not, give full particulars of defects & ailments, if any__________________________

8. Veterinary Services available:

(a) Whether own veterinary services available or dependent on Government veterinary services______________________________________________

(b) Number of qualified veterinaries whether part-time or whole time or on retainer basis _________________________________________________________

(c) Veterinary services provided_______________________________________

(d) Number of cattle covered by each veterinary surgeon___________________

(e) Total area covered by each veterinary surgeon________________________

(f) Distance from veterinary dispensary _______________________________

(g) Annual budget sanction for drugs, vaccine, etc. for the entire dispensary_____

(h) Storage conditions for drugs, vaccine etc. _____________________________

(i) Details of veterinary check up that insured animal gets as part _____________

Of routine veterinary attention

9. (a) Have you lost any animal/s during the last three years? If so state particulars

Year Cause of Loss Number of animals lost

(b) Previous Cattle Insurance Claims experience (for the last three years)

Year Policy No. Name of the Insurer Claim Amount Whether claim settled in full or part or outstanding or repudiated

10. Have any of the animal/s proposed for insurance be a ill or incapacitated through injury/s during the past 12 months? If so, give particulars and state whether a Veterinary Surgeon was in attendance. _________________________________________________

11. (a) How many other animals do you own? _________________________________

(b) Are they insured and where? ________________________________________

(c) If not, why are they not proposed for insurance now: ____________________

(d) Were they insured previously and if so, where? _________________________

12. Are any of the animals now proposed for insurance or have any other animals

belonging to you have been previously insured? If so, state name of the Company or Underwriter: _________________________________________________________

13. (a) What is the mode of branding /marketing the animals for the purpose of I

identification as indicated under question (4) above? _______________________

(b) Are the animals owned by the proposer but not proposed for insurance hereunder

also similarly branded/marketed? ______________________________________

14. Has any Company or Underwriter

(a) Declined Insurance of any of your animals, or _________________________

(b) Refused to renew their insurance or _________________________________

(c) Increased your premium or imposed special conditions on renewal _________

15. For what period is insurance required? For _________ months from ______________

16. (a) Are you the owner of the animal? If not state name and address of owner and also nature of your interest in the animal. _______________________________________

(b) Is any bank or other financing institution interested in the animals? If so, state (i) name and address of the bank (ii) amount of loan outstanding ___________________

(c) Is/are the animal/s proposed for insurance covered by SFDA/MFAL project. If so state: (i) Address of the SFDA/MFAL agency _________________________________

(ii) Amount of subsidy obtained from SFDA/MFAL agency __________________

I/WE hereby propose to insure the abovementioned animal/s owned by me/us with THE NEW INDIA ASSURANCE CO. LTD. subject to the terms, conditions and exclusions of the Company’s policy. I/WE warrant that the answers to the above queries are true and that all the animal/s are correctly described, are sound, in good health and free from vice and that they are and shall be used solely for the purpose above stated. I/WE declare that no information material to the insurance has been withheld and agree that this proposal shall be the basis of the contract between me/us and the Company.

Date: _______________ ____________________

Place: ______________ Signature of the proposer

The following is an extract of Section 41 of Insurance Act,1938

1. No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take out or renew or continue an Insurance in respect of any kind of risk relating to live or property in India, any rebate of the whole or part of the commission payable or any rebate of the premium shown in the policy; nor shall any person taking out or renewing continuing a policy accept any rebate, except such rebate as may be allowed in accordance with the published prospectuses of rebates of the Insurer.

2. Any person making default in complying with the provisions of this section shall be punishable with fine which may extend to five hundred rupees.

(The issue of this form is not to be taken as an admission of liabilities)

SERIAL NUMBER …………………….. PERTAINING TO SCHEME ANIMALS ONLY

A) NAME OF BORROWER: ___________________________________________

Bank’s Name & Address: _______________________________________________

To,

THE NEW INDIA ASSURANCE CO. LTD.

D.O./BRANCH

Sir,

Sub: Livestock Claim Intimation.

Policy No………………… Date from………….. to ………………….(period) S. Nos……………..

belonging to Shri/Smt……………………………………………………………..of …………………. died on…………………………………..or suffering from Permanent Total Disablement.

Kind of animal/breed Sex Tag No./Kattoo No. Natural identification marks

This paper is submitted fulfilling all formalities of above claim, please make necessary arrangements for the settlement of claim. The tags of the above animals are submitted herewith.

Thanking you,

Date:

* Strike out the portion not applicable Signature of borrower/Bank

B) DEATH CERTIFICATE OR DEATH CERTIFICATE

a) Species………… we certify that the animal described below belonging to Shri/Smt……………….of …………..

b) Breed……………. village…………………..District…………….died.

c) Sex………………… Animal physically verified by me/us at the

d) Age……………….. place of accident/death.

e) Tag No…………/ Tattoo No………

f) Natural identification mark:

I hereby certify that the above mentioned DESCRIPTION OF ANIMAL

animal belonging to Shri/Smt………………..

………………of village……………died on ………. Breed Male/ Colour & other natural Tag Age

………. due to accident/disease as confirmed by animal Female identification Marks No.

Post-Mortem &/or symptoms prior to death and

Observation of carcass.

Date: Signature of Vet. Doctor

Signature Signature

Name: (Seal of Office) (Seal of Office)

Qualification: Note: – Above signatories should be any two of the below mentioned authorities:

Registration No. 1) Village Sarpanch 2) Officer of Milk

Address: Collecting Centre / Govt. VAS 3) supervisor /inspector of Central Co. op. Bank 4) President or any other officer of Co. op. Credit Society. 5) D.R.D.A. or

Authorised nominee

c) BANK’S CERTIFICATE

We hereby certify that animal ____________________ bearing Tag. No. ____________ belonging to Shri/Smt.______________________ of village ____________ under DRDA __________________ in _________________ Block was insured under Master Policy No. ________________ Shri/Smt. _________________ is an IRDP beneficiary with Bank Loan A/C. No. _____________

Signature of Bank Official

Designation:

Date: Name:

Place: Address:

OFFICE NOTE

Master Policy No. _________________ period date from _______________ to ___________ Insurance Certificate No. ______________ period from _____________ to Animal died on _______________ intimated on _______________ Claim amount Rs. ___________ Insured amount Rs. _____________ Premium @ ____________ %Rs. _____________ received full/short Rs. ________________ vide receipt No. _______________ dated ___________.

THE CLAIM AND ABOVE FINDINGS HAVE BEEN FOUND CORRECT. HENCE CLAIM IS APPROVED FOR Rs. _____________________

Date on which voucher sent:

Received voucher back on:

Date on which cheque sent: Authorised Signature

ECS Details of the Insured

1 Name of the Insured (as appearing in the Bank Account)

2 Bank Name

3 Branch and address

4 Bank Account No.

5 Bank Account Type

6 IFSC Code

7 MICR Code