Sheep and Goat Insurance Schemes

Sheep and Goat Insurance Schemes and Providers

In this article, we are going to discuss importance of insurance in Goat and Sheep farming and list down Organization, Banks and Financial institution providing insurance in India.

Why Goat and Sheep Insurance

Goat and Sheep farming is a profitable business if done with proper management. Like any other business, it has a risk. Considering docile nature of goats and their susceptibility to diseases, it is always good to have insurance.

In intensive goat and sheep farming system, animals are confined to small space and together. A single sick animal can spread the disease to others. The outbreak may wipe out your heard and at the end Investment.

You should always vaccinate goats and follow preventive health practice.

Read:- Goat Vaccination Calendar

What Goat and Sheep Insurance Covers

Sheep & Goat Insurance covers the sudden and unforeseen Death of animal. Below are some generic circumstance,

  • Fire, Lightning, Explosion/Implosion, Storm, Typhoon, Hurricane, Tornado, Flood and Inundation, Earthquake, Famine
  • Aircraft Damage, Missile testing operations.
  • Riot, Strike.
  • Disease contracted and occurred during the Policy period.
  • Surgical Operations
  • Accident

Below is common exclusion,

  • Malicious or willful injury or neglect, overloading, unskillful treatment or use of animal for
    the purpose other than stated in the policy.
  •  Accidents occurring and/or Disease contracted prior to the commencement of risk.
  •  Intentional slaughter of the animal except in cases where destruction is necessary to
    terminate incurable suffering on human consideration on the basis of certificate issued by
    a qualified veterinarian or in cases where destruction is resorted to by the order of lawfully constituted authority.
  • Theft or clandestine sale of the insured animal.
  •  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 attempted threat.
  • Any accident, loss destruction, damage or legal liability directly or indirectly caused by or
    contributed to by arising from nuclear weapons.
  •  Consequential loss of whatsoever nature
  •  Transport by air and sea.
  •  Diseases contracted within 15 days from the date of commencement of the risk.
  • Disability of any nature may it be permanent or temporary.
  •  Pleuropneumonia, Enterotoxaemia, Sheep Pox, Goat Pox, Rinderpest, Foot and Mouth
    Disease, Anthrax, Hemorrhagic Septicemia., Black Quarter are excluded unless the animal is successfully inoculated (protected).

Banks/Financial institution providing Insurance

Below is the list of Banks/Finacial Institution providing goat and sheep insurance. We recommend reading terms and conditions and discuss with the respective banks authorized person before selecting an insurance provider.

SBI General Insurance Company Limited

A joint venture between the State Bank of India and Insurance Australia Group (IAG). SBI owns 74% of the total capital and IAG the remaining 26%.

Visit:- SBI General Insurance Company Limited

New India Assurance Co Ltd

It is Government of India owned multi-national insurance company operating in 28 countries. Headquarter is in Mumbai, India. It is co promoters of Agriculture Insurance Company of India & GIC Housing Finance Ltd.

Visit:- New India Assurance Co Ltd

The Oriental Insurance Company Limited

It is New Delhi Headquartered company and operating in different cities of India. Central Government of India holds all shared of this company.

Visit:- The Oriental Insurance Company Limited

Other Institutional Goat and Sheep Insurance Providers




Leave a Comment

Your email address will not be published. Required fields are marked *