Types of Life Insurance We Offered
Cattle and Livestock Insurance Cover
- Cover I: Accidental death or death from any Disease of any animal described in the schedule and belonging to the insured occurring during the policy period.
- Cover II: If specifically opted by the insured and additional premium paid the policy shall be extended to cover Permanent Total Disability of the cattle arising out of Accident or Disease. This cover is not applicable for sheep and goat.
The following words or terms shall have the meaning ascribed to them wherever they appear in this policy, and references to the singular or to the masculine shall include reference to the plural and references to the male gender shall include references to the female gender wherever the context so permits:
- "Policy" means the proposal, the schedule, this policy document, and any endorsement attaching to or forming part hereof, either at inception or during the policy period.
- "Policy Period" means the period between the commencement date and the expiry date show in the schedule.
- "Deductible" means the amount stated in the schedule, which shall be borne by the insured in respect of any claim made under this policy. the company's liability to make any payment under this policy is in excess of the deductible.
- "Limit of Indemnity" means the amount stated in the schedule, which shall be the company's maximum liability under this policy (regardless of the total number or amount of claims made) for any one claim and in the aggregate for all claims during the policy period.
- "Insured" means the person named is the schedule.
- "Claim" means a claim under an operative part. All claims resulting from one and the same event or circumstance shall jointly constitute one Claim under this Policy and as having been made at the time when the first Claim was made in writhing and only one Deductible shall be applicable in respect of such Claim.
- "Insured Premises" means the place named in the schedule
- "Schedule" means the schedule attached to and forming part of this policy.
- "Animal" means the cattle and livestock described in schedule.
- "Disease" means any disease other than those specifically excluded under the policy.
- "Accidental" means a fortuitous event or circumstance that is sudden, unexpected and unintentional.
- "Permanent Total Disability" means in case of Milch cattle results in permanent and total incapacity to conceive or yield milk, in case of Stud Bulls results in permanent and total incapacity for breeding purpose, in case of Bullock and castrated male buffaloes results in permanent and total incapacity for the purpose of use mentioned in the proposal.
- "Exotic Animals" means an animal, who's both parents, are of foreign breed. This include animal born in India as well as those born abroad.
- "Indigenous Animal" means whose parents are of Indian breed.
- "Cross-breed Animal" mean an animal, one of whose parents is of foreign breed.