Policy snapshot
Covers the death or disability of livestock (e.g., cows, buffaloes, poultry) due to accident, disease, or natural calamity.
What is Livestock Insurance?
Livestock Insurance helps farmers recover from the financial loss of losing animals due to disease, accident, or natural events. It is vital for rural income protection.
What can it cover?
- The policy compensates for the market value of animals lost due to accidents, disease, fire, floods, or lightning. It may also include cover for permanent disability, theft, or epidemic outbreaks. Group coverage for herds and poultry batches is available.
Who should consider it?
- Dairy farmers, poultry farmers, FPOs, SHGs and rural cooperatives, Agri-financiers and livestock-based NGOs.
Key features to understand
- Covers individual or group animals
- Includes death, illness, disability, theft
- Subsidized for small/marginal farmers
- Identification via RFID tags or photos required
What deserves attention before you buy?
Coverage, exclusions, sub-limits, deductibles, waiting periods, warranties and underwriting can vary between insurers and policy versions. The policy wording and schedule remain the definitive contract. Novo can help you review the relevant terms for your requirement.
Read the wording, not just the brochure
The schedule and policy wording determine the actual contract.
Compare meaningful differences
Look at exclusions, limits, deductibles, conditions and claim requirements—not premium alone.
Think beyond purchase
Servicing and claims-related support can matter as much as placement.