The livestock insurance policy covers indigenous cross bred and exotic cattle owned by private owners, various institutions, dairy firms, co-operatives, corporate dairies etc. The word cattle include milch cows and buffaloes, calves and heifers, stud bulls, buffaloes, he-buffaloes. Age group is specified for all the animals. The evaluation of the animal is done by the veterinary surgeons. The policy will give indemnity only for the death due to accident, diseases, surgical operations, strike/terrorism, earth quake etc. Policy is subject to certain standard and general exclusions.
Animals are identified by way of ear tagging. The policy covers both scheme and non-scheme animals. Scheme animals are those animals, which are sponsored by the Government Agencies and are financed by financial institutions which may or may not involve any subsidy. Master policy arrangements are usually done with DRDA, Bank, Co-operative societies etc.
The Insurance coverage is also available for sheep & goat, pig, camel, horse, mule poultry birds etc.