Pashu Dhan Bima Yojana | IFFCO Tokio General Insurance Company in India
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    Pashu Dhan Bima Yojna

     

    This online rural insurance policy is designed to offer insurance cover to indigenous cattle owned by farmers, cooperative societies, dairy farms and the like. 

    The scope of Cover / Insurance Coverage

    Security in case of death of cattle shall be provided for the following: -

    • Natural accidents (flood, famine, earthquake etc.)
    • unpredictable circumstances( Accidental in Origin.)
    • Diseases
    • Surgical Operations.
    • Terrorist Act
    • Strike, Riot and Civil Commotion risk

     

    Subject to following Exclusions:

     

    Insurance cover shall not be provided for Death or loss due to: -

    • Negligence, unskilled treatment or animal’s use (without Company’s consent) for purposes beyond the policy’s guidelines.
    • Such diseases/accidents that were contracted prior to policy’s commencement.
    • Intentional killing, however, killing under legal and/or veterinarian’s supervision is an exception.
    • Air or sea transport and transit beyond 80 kilometres.
    • Death due to Pleuropneumonia in Lakhimpur and Sibsagar District of Assam
    • Any kind of partial disability,be it permanent or temporary.
    • Damage due to war, nuclear exposure, theft, secret sales or a missing case of an insured animal.
    • Animal’s demise within 15 days of policy’s inception.
    • 'No tag-No claim' provision is applicable to the policy.

     

    AGE GROUP

     

    Milch cows 2 years (or age at 1st Calving) to 10 years.
    Milch Buffaloes 3 years (or age at 1st Calving) to 12 years.
    Stud Bulls 2 years(or earlier, i.e. age at sexual maturity) to 8 years
    Bullocks(Castrated bulls/ Male Buffaloes) 2 years to 12 years
    Indigenous/ 1st exotic cross breed female calves/ heifers 4 months to the date of 1st calving or minimum age limit for adult female animals as above.
    Animals of ages in years shown below shall be accepted under the Standard Insurances Policy subject to health certificate from a Veterinary Surgeon.

     

    Valuation and Sum Insured

     

    Verified Veterinarian’s guidance is to be deemed proper for fair acceptance of claim’s settlement or insurance proposal. Animal’s breed, area and location vary the Market Value and the total amount insured shall not exceed 100% of the Market Value.

    Indemnity

    Death Only : This case covers sum insured or market value prior to illness, whichever is less.

    Policy Cancellation:

    We may cancel this Policy by sending 15 days’ notice in writing by Regd. A.D. to You at Your last known address. You will then be entitled to a pro rata refund of premium for the unexpired period of this Policy from the date of cancellation, which We are liable to repay on demand. You may cancel this Policy by sending a written Notice to Us. We will then arrange a refund after retaining the premium based on the following Short Period scale.

    Cancellation Period Refund
    Within One Week of inception of cover 25% of premium
    Beyond One Week of inception of cover but within 15 days of inception of cover. 12.5% of Premium
    Beyond 15 days of inception of cover NIL
    SCOPE OF COVER / INSURANCE COVERAGE

    The policy shall give indemnity only for death of cattle due to: -

    • Accident (Inclusive of Flood, Cyclone, Famine) or any other fortuitous Circumstances (fortuitous means accidental in origin)
    • Diseases (Inclusive of Rinderpest, Black Quarter, Haemorrhagic Septicaemia, foot and mouth disease subject to vaccination against these diseases).
    • Surgical Operations.
    • Strike, Riot and Civil Commotion risk & Terrorism.
    • Earthquake
    • Terrorist Act

    Subject to following Exclusions:

    Death or loss due to: -

    • Malicious or wilful act, negligence, over loading, unskilled treatment, uses of the animal other than stated in the policy without the consent of the Company.
    • Accident /diseases contracted prior to commencement of risk.
    • Intentional slaughter of the animal except in cases where destruction is necessary to terminate incurable sufferings on human consideration on the basis of certificate issued by qualified veterinarian or in cases where destruction is resorted to by order of Lawfully constituted authority.
    • Transport by air or sea,
    • Transit beyond 80 Kms, by road or rail, (can be covered if the transit is within the state by charging additional premium of 1%).
    • Pleuropneumonia in Lakhimpur and Sibsagar District of Assam.
    • Theft or clandestine sales, missing of insured animal.
    • Partial disablement of any type, whether permanent or temporary.
    • Permanent total disablement which in case of Milch cattle results in permanent and total incapacity for breeding purpose and in case of Bullocks and castrated male buffaloes results in permanent and total incapacity for the purpose of use mentioned in the proposal.
    • War and Allied perils.
    • Nuclear exclusion clause.
    • Consequential loss of whatsoever nature.
    • Death of the animal due to diseases with in 15 days from the inception of the policy.
    • ‘No tag-N0 claim’ is applicable here.
    AGE GROUP
    Milch cows 2 years (or age at 1st Calving) to 10 years.
    Milch Buffaloes 3 years (or age at 1st Calving) to 12 years.
    Stud Bulls 2 years(or earlier i.e. age at sexual maturity) to 8 years
    Bullocks(Castrated bulls/ Male Buffaloes) 2 years to 12 years
    Indigenous/ 1st exotic cross breed female calves/ heifers 4 months upto date of 1st calving or minimum age limit for adult female animals as above.
    Animals of ages in years shown below shall be accepted under the Standard Insurances Policy subject to health certificate from a Veterinary Surgeon.
    VALUATION AND SUM INSURED

    Market value varies from breed to breed, area and from time to time. Examining Veterinarian’s recommendation shall be considered proper guide for acceptance of Insurance/settlement of claims.

    Sum Insured will not exceed 100% of the Market Value

    IDEMNITY

    Death Only: Sum Insured or market value prior to illness, whichever is less and

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