Rural Insurance Policies in India

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1- Cattle & Livestock Insurance
All indigenous/cross breed/exotic animals in the prescribed age groups duly fixing the value and certifying the health of the proposed animal by a qualified Veterinary Doctor. Animal owners / private dairies / Cooperative dairies / NDDB owned dairies can be insured.

Risk covered
a. Death due to accidents including fire, lightning, flood and cyclone or disease contracted or occurred during the currency of the policy period.
b. Permanent Total Disability due to total incapacity to conceive or yield milk by paying extra premium.

Sum insured or market value prior to illness subject to production of following documents -
a) Duly completed claim form.
b) Death certificate from a qualified veterinary surgeon.
c) Policy / Certificate.
d) Ear tag.

Exclusions -

Malicious or wilful misconduct or neglect, over loading, unskilled treatment or use of the animal for the purpose other than stated in the policy without the consent of the company in writing.
Accidents occurred or diseases contracted prior to commencement of risk.
Intentional slaughter.
Transport by air / sea and road beyond 80 kms.
Theft / clandestine sale, missing of insured animal.
Partial disablement of any type.
War perils.
Nuclear perils
Consequential loss
Death of animals due to disease within 15 days from the inception of policy

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All kinds of pumpsets like centrifugal, jet and submercible (both electrical and diesel) upto 30 HP of approved makes. Owners of pumpset or financing banks and manufacturers of pumpset can insure under Pumpset Package Policy.

Risk covered -

Fire and lightning
Theft/burglary
Mechanical/Electrical breakdown
RSMD and Terrorism
Flood

For total loss of sum insured or market value prior to loss whichever is less is payable . For replace parts, dpereciation is chargeable in the event of electrical / mechanical breakdown losses.
The rewinding charges are reimbursable subject to maximum limits specified in the policy. There will be due deduction for salvage and excess

Exclusions -

Normal wear and tear, gradual deterioration due to atmospheric condition or otherwise.
Wilful or gross negligence of insured or his representative.
Faults existing at the time of commencement of insurance known to insured or his representative.
Loss or damage for which manufacturers or suppliers are responsible either by law or under contract.
Cost of dismantling, transport, re-erection.
War and nuclear perils.

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A Layer birds and hatchery birds in a poultry farm in the age group of 1 day old to 72 weeks and broilers in the age group of 1 day to 8 weeks.
Ducks and Quails are also insured under the policy. Own Poultry farmers / financing bank can insure the birds. All the birds in the farm should be insured without selection.


Risk covered -
Policy provides indemnity against death of birds due to accidents including fire, lightning, flood, cyclone, strike, riot, civil commotion, terrorism, earthquake and disease contracted or occurred during the policy period (a fewer specified diseases are however excluded and can be covered subject to vaccination.

Policy pay -
80% of the value of the bird at the time of loss as per stage wise valuation table attached to the policy subject to deduction of a specified policy excess.

Exclusions -

Malicious / wilful misconduct / negligence.
Transit by any mode of transfer.
Improper management.
Theft and clandestine sale of birds.
Intentional slaughter of birds.
Consequential loss
War and nuclear perils.
Mareks, Ranikhet, Foul Pox and infectious bronchitis unless birds are successfully protected against them.
Loss of production, mall nutrition, under growth, cannibalism, loss due to huddling and piling of birds.

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Trees/plants/shoot/vegetative part only for crop duration or 12 months whichever is shorter.
Farm owners/lessees cultivating the plantations /horticulture. Coverage and indemnity to insured to the extent of loss or damage to the crop by operation of any one of the following perils –
a) Fire including forest fire and bush fire.
b) Lightning
c) Riot, strike, acts of terrorism
d) Storm, hailstorm, cyclone, hurricane, flood and inundation.

The input costs or recurring expenses incurred for raising the crop (establishment and maintenance) upto the date of the loss. Limits of indemnity on input cost basis are fixed at each stage of the crop. Claims are subject to Franchise and Excess deductibles.

Exclusions -
The policy excludes to pay for loss or damage to crop arising due to theft, malicious damage, negligence, natural mortality, war perils, nuclear perils, insects, pests and diseases, drought, earthquake, climatic variations, water logging, inconsequential losses, damage to structures capital items, irrigation systems, agricultural implements, harvested produce.