Rural Insurance:



  • Kissan Agricultural Pumpsets Insurance
  • Cattle Insurance
  • Sheep/ Goat Insurance
    • Honey Bee Insurance
  • Dog Insurance
  • Janatha Personal Accident








Kissan Agricultural Pumpsets Insurance:



APPLICABILITY:
The policy applies to centrifugal Pumps (Electrical and Diesel) and submersible pumps up to 25 H.P. capacity used for Agricultural purposes only. Pump with higher capacity i.e. more than 25 H.P. should be insured with Engineering Department’s advice.

STANDARD PERILS COVERED:
Sudden physical damage to pumpsets (including starters) caused by
  • Fire/ lightning
  • Burglary/ theft (due to violent forcible entry provided the pumpset is kept in a locked enclosure).
  • Mechanical/ electrical breakdown
  • Riots and Strike, malicious damage
  • Terrorism

EXCLUSIONS:
  • Normal wear and tear gradual deterioration due to atmospheric conditions or otherwise.
  • Gross negligence of the insured or his representative
  • Faults existing at the time of commencement and known to the insured or his representative.
  • Loss or damage for which the manufacturer or supplier of the property is responsible either by law or under contract
  • Cost of dismantling, transport to workshop and back as also cost of re-erection.

PREMIUM:
  • Standard Cover (Excluding Flood risk) – 1% of S.I.
  • Flood Cover (optional) – 0.5% of S.I.






Cattle Insurance:



APPLICABILITY:
Applicable to indigenous cross-breed and Exotic cattle, owned by/ belonging to Private owners, various financial institutions i.e. Bank-financed Military dairy farms, Co-operative/ Corporate dairies etc.

Cattle means include:
  • Milch cows and Buffaloes
  • Calves/ Heifers
  • Stud bulls
  • Bullocks/Buffaloes
  • Mithuns

AGE GROUP:
  • Milch cows: 2 years or age at first calving to 10 years
  • Milch Buffaloes: 3 years or age at first calving to 12 years
  • Stud Bulls: 3 years or earlier age at sexual maturity to 8 years
  • Bullocks/He buffaloes: 3 years to 12 years
  • Calves/ Heifers: 4 months up to date of 1st calving.

VALUATION:
Valuation based on market value as on date and place and to be decided on the basis of recommendations of the local veterinary surgeon.

Sum Insured: Not exceeding market value.

SCOPE OF COVER:
The policy shall give indemnity only for death of cattle due to:
  • Due to accident (inclusive of fire lightning, Flood/ Inundation, Cyclone, Tornado, Tempest, Storm, Hurricane, Famine) or any other Fortuitous circumstances.
  • Disease (inclusive of Rinderpest, BlackQuater Haemorrhegic Septicemia, Foot and mouth disease subject to vaccination against these diseases).
  • Surgical operations.
  • Strike, Riot and Civil Commotion risk and Terrorism
  • Earthquake.

EXCLUSIONS:
  • Theft or clandestine sale, missing of insured animal.
  • Malicious or willful injury or neglect/ intentional slaughter.
  • Transport by air or sea or beyond 80 km by Rail, Road.
  • Partial disablement of any type, whether permanent or temporary.
  • Accidents happened/ Diseases contracted prior to commencement of risk.
  • War and allied perils.

PREMIUM RATE:
  • 4% gross p.a.
  • 1% gross p.a. for PTD cover
  • 2.25% net p.a. for IRDP (Integrated Rural Development Program).
  • 2% gross p.a. for exotic animals.

SPECIAL FEATURES:
PTD arising out of accident animal and/ or unable to conceive or yield milk or unable to be used for breeding can be covered by payment of additional premium.

POINTS TO BE NOTED:
  • 15 days waiting period: The Company is not liable to pay the claim in the event of death of insured animal due to diseases occurring within 15 days from the commencement of risk.
  • No tag- No claim: In the event of death of animals covered under the policy, claims shall not be entertained unless the ear tags are surrendered to the company. In the event of loss of ear tag, it is the responsibility of the insured to give immediate notice to the company and get the animal retagged.






Sheep/ Goat Insurance



APPLICABILITY
The cover is applicable to Indigenous, cross-bred and exotic breeds of sheep and goat, 4 months to 7 years as follows:
  • Indigenous animal means whose parents are of Indian breed.
  • Exotic animal means whose parents are of foreign breed. This includes animals born in India as well as those born abroad.
  • A cross-breed animal for the insurance purpose means one of whose parents is of foreign breed.

SCOPE OF COVER:
Death due to accident, (includes fire, lightning, flood, cyclone, earthquake, famine etc) riot/ strike and diseases contracted or occurring during the period of the policy period.

EXCLUSIONS:
  • Theft and /or clandestine sale.
  • Malicious or willful injury or neglect/ intentional slaughter
  • Transport by air or sea
  • Partial disablement of any type, whether permanent or temporary.
  • Specified disease such as sheep pox, goat pox, enterotoxaenia, rinderpest, FMD, anthrax, HS and Black Quarter and Tetanus, unless successfully inoculated and necessary certificates produced.
PREMIUM RATE:
Basic
4% Gross per annum
2.75% net for IRDP

EXTRA RATES:
  • For cross bred animals: 1% gross
  • For exotic animals: 2% gross






Honey Bee Insurance



APPLICABILITY:
Hive and/ or bee colonies belonging to individual can be insured. Bee colonies of Apis cerena indica and Apis mellifera only shall be covered.

INSURANCE COVERAGE:
  • All accidental losses or damage to the hive and/ or bee colony.
  • Theft risk can be covered on payment of an additional premium.
  • Diseases can also be covered on payment of additional premium.

EXCLUSIONS:
  • Loss of production
  • Malicious or willful destruction of bee hive
  • Theft, clandestine sale or loss of the beehive
  • Neglect or improper management and /or rough handling

PREMIUM RATE:
3-5% on total insured value p.a. theft can be covered on payment of an additional premium at 2% Minimum premium Rs. 20 per policy p.a.

SPECIAL FEATURES:
The insurer will bear 80% of the assessed loss amount and the insured will bear the balance 20%.






Dog Insurance



APPLICABILITY
Indigenous, Cross bred or Exotic dogs, which are pets, Watch dogs, Sheep dogs and Hunting dogs.

SCOPE OF COVER:
Death due to accident and /or diseases contracted during the period of insurance.

EXCLUSIONS:
Common: As per the Standard dog insurance policy.

Specific: Partial and permanent Disability of any nature, Rabies, Canine Distemper and Leptospirosis. These diseases are covered if preventive inoculation is done and certificate to that affect is submitted.

AGE GROUP:
8 week to 8 years only.

VALUATION CERTIFICATE:
As certified by the duly qualified Veterinary Doctor at the time of proposing the insurance. Veterinary Certificate from qualified Veterinary Doctor is necessary on the Company’s form.

Note:
  • Proposal should be referred, for acceptance.
  • Minimum value of dog of any breed should not be less than Rs. 200/- and Maximum value of the dog should not exceed Rs. 10,000/- each.
  • Proposals where S.I. exceeds, Rs. 10,000/- have to be referred to H.O. for acceptance.

IDENTIFICATION:
Insured dogs must be suitably identified by one of the following methods:
  • Nose Print
  • Color photograph
  • Normal physical identification marks and breed, sex, age, etc. should be clearly described in the Veterinary Certificate and proposal form.
  • In the case of pups, one more color photo may be taken at 6 to 8 months age. Cost of identification is to be borne by the insured only.


PREMIUM:
6% flat on the sum insured
Minimum premium per policy Rs. 20/-

INDEMNITY:
80% Market Value or sum insured whichever is less, 20% of the claim amount to be borne by the insured.

SALVAGE:
In the event of death of insured dog, any amount received or receivable by the proposer from third parties and the value of the salvage recovered, if any would be deducted from the claim amount.





Janatha Personal Accident:



APPLICABILITY
Indigenous, Cross bred or Exotic dogs, which are pets, Watch dogs, Sheep dogs and Hunting dogs.

SCOPE OF COVER:
Death due to accident and /or diseases contracted during the period of insurance.

EXCLUSIONS:
Common: As per the Standard dog insurance policy.

Specific: Partial and permanent Disability of any nature, Rabies, Canine Distemper and Leptospirosis. These diseases are covered if preventive inoculation is done and certificate to that affect is submitted.

AGE GROUP:
8 week to 8 years only.

VALUATION CERTIFICATE:
As certified by the duly qualified Veterinary Doctor at the time of proposing the insurance. Veterinary Certificate from qualified Veterinary Doctor is necessary on the Company’s form.

Note:
  • Proposal should be referred, for acceptance.
  • Minimum value of dog of any breed should not be less than Rs. 200/- and Maximum value of the dog should not exceed Rs. 10,000/- each.
  • Proposals where S.I. exceeds, Rs. 10,000/- have to be referred to H.O. for acceptance.

IDENTIFICATION:
Insured dogs must be suitably identified by one of the following methods:
  1. Nose Print
  2. Color photograph
  3. Normal physical identification marks and breed, sex, age, etc. should be clearly described in the Veterinary Certificate and proposal form.
  4. In the case of pups, one more color photo may be taken at 6 to 8 months age. Cost of identification is to be borne by the insured only.


PREMIUM:
6% flat on the sum insured
Minimum premium per policy Rs. 20/-

INDEMNITY:
80% Market Value or sum insured whichever is less, 20% of the claim amount to be borne by the insured.

SALVAGE:
In the event of death of insured dog, any amount received or receivable by the proposer from third parties and the value of the salvage recovered, if any would be deducted from the claim amount.