Dairy Farm Insurance coverage in India, Corporations, Coverage, and Premium

Introduction to dairy farm insurance coverage in India: Dairy is a enterprise established for the processing of animal milk. That is largely finished with cows or goats, but in addition with buffaloes, sheep, horses, or camels for human consumption. Dairy farm insurance coverage insurance policies cowl a variety of animal deaths on account of fireplace, highway accidents, electrical shocks, drownings, snake bites, strangulation, poisoning, and accidents attributable to exterior sources.

Dairy Farm Insurance in India
Picture Supply: Pixabay

Many small and medium-sized farms and farms guarantee their animals are below the farm coverage. Dairy insurance coverage is the protection that protects your animals unexpectedly. Whether or not on the farm, ranch or in transportation, your animals are thought of your private property. If one thing occurs to them because of the coated injury, we’ll assist cowl the fee to repair the issue. Dairy insurance coverage protects the agricultural individuals of India from monetary loss because of the demise of their cattle.

The price of dairy farms is excessive and their loss can pressure farmers to enter debt. With dairy insurance coverage, farmers can have complete safety towards dairy farm injury. A dairy is normally positioned on a devoted dairy farm or a part of a blended farm that’s concerned in milking. The Authorities of India is working to strengthen the infrastructure for the manufacturing, processing, and advertising of high quality milk, milk, and milk merchandise via the next dairy growth schemes;

  • Nationwide Dairy Improvement Program (NPDD)
  • Nationwide Dairy Plan
  • Dairy Entrepreneurship Improvement Scheme (DEDS) 
  • Help Dairy Cooperatives 
  • Dairy Processing and Infrastructure Improvement Fund (DIDF)

Information on dairy farm insurance coverage in India, insurance coverage schemes, AgriChoice coverage, cattle insurance coverage, dairy mortgage significance, and high dairy firms in India

Dairy Farming
Picture Supply: Pixabay

Insurance coverage schemes to cowl dairy farmers 

The dairy farmers turn out to be the beneficiaries of the Ksheera Santhwanam scheme, which has been collectively launched by the Kerala State Dairy Farmers Welfare Fund Board and the Dairy Cooperative. There will likely be 4 insurance coverage schemes. These are Well being Insurance coverage, Accident Insurance coverage, Life Insurance coverage, and ‘Gau’ Suraksha Coverage (livestock safety scheme). 

Dairy farmers who present milk to the cooperative will profit their husbands, two youngsters below the age of 25, their dad and mom, and the employees of the cooperative. Each dairy farmer can cowl his livestock below this scheme. 

Medical insurance

A dairy employee/farmer can embrace his / her partner, two youngsters, and oldsters within the medical health insurance scheme. Beneficiaries as much as the age of 80 years will get Rs. 100,000 as protection below this scheme. The age restrict is not going to apply to beneficiary dad and mom. Youngsters will likely be coated till the age of 25 or till they get married. A dairy farmer can add extra youngsters as beneficiaries by paying a further premium. 

Accident insurance coverage

It’s a scheme that solely a dairy farmer can avail. Protection will likely be Rs. 7 lakhs and schooling grant as much as Rs. 50,000. The time period is one yr. Beneficiaries will profit if the policyholder dies in an accident or retains a incapacity or incapacity. 100% cowl in case of unintended demise. 

Life insurance coverage

Beneficiaries must be between 18 and 60 years of age. The quilt of 1 lakh rupees will likely be for one yr. This coverage will take impact 45 days after the beneficiary joins. (Besides whether it is an unintended demise). The coverage is not going to cowl suicide. 

Gau suraksha

The safety scheme will cowl your entire livestock below the profit farmer. The filled-in enrolment kind ought to have a certificates by a veterinary surgeon and the requisite pictures of the livestock. Solely those that achieve this will likely be allowed to register and pay the premium. The animal image will need to have a transparent tag quantity. The tag must be accompanied by an entire image of the animal. In case of the demise of cattle, the beneficiary will get the complete quantity. For different illnesses, together with anthrax and foot and mouth illness, protection will likely be 75%. Cattle vaccination is a prerequisite for protection.

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Tags for Cows
Picture Supply: Pixabay

Dairy Income Safety Program

The Dairy Income Safety Program insures towards the sudden declines within the quarterly income of every collaborating operation from the sale of milk relative to the extent of assured protection. Anticipated earnings are based mostly on the long run costs of milk or dairy merchandise (relying on the choice chosen by the dairy producer) and the amount of milk produced by the dairy producer. 

AgriChoice coverage for dairy farm

Working with livestock includes inherent dangers. That is why Nationwide’s AgriChoice coverage covers a variety of causes of lack of dairy farms, reminiscent of;

  • Unintentional taking pictures 
  • Assaults by canine or wild animals
  • Electrocution
  • Flood injury
  • Loading and unloading accidents

AgriChoice coverage protection

The essential coverage requires most dairy operations to guard, together with;

Farm properties and supplies, indifferent garages and different buildings, farm and farm buildings, private property, farm equipment and gear, milk and pasteurization gear, refrigeration items, gear malfunction, normal legal responsibility safety 

Subsequent, supply a wide range of non-obligatory protection that can assist you tailor your coverage to the precise wants of your dairy farm, with out having to pay for the protection you do not want. 

Non-compulsory Agri-Alternative Protection for Dairy Farms 

  • Protection to your herd – The insured dairy cow could be shielded from a number of extra classes of harm. In case you select not to make sure your cows, AgriChoice nonetheless supplies you protection in the event that they collide with a motorcar, prepare, or are unintentionally shot. Excessive limits are additionally accessible. 
  • Protection to your grass – It additionally covers grass or hay required value for dairy animals. 
  • Safety of legal responsibility for pointless animal cruelty fees – Authorized protection towards animal cruelty fees may end up in giant lawyer charges. AgriChoice supplies coverage protection for the fee of lawyer charges for instances by which you aren’t discovered responsible. (Not accessible in all states.) 
  • Disruption of farming operations – Offers protection for lack of earnings and extra prices incurred on account of disruption of farming because of the coated reason behind loss. 
  • The temperature-sensitive function – It presents protection when {an electrical} interruption or malfunction of a refrigeration system causes a malfunction.

Prime dairy firms in India

  • Amul – Anand Milk Union Restricted, Gujarat 
  • Nandini Milk – Karnataka Co-operative Milk Producers Federation Ltd
  • Mom Dairy
  • Kwality Restricted
  • Creamline Dairy Merchandise Ltd (Jersey Dairy)
  • KSE Ltd
  • Parag Milk Meals Ltd
  • Mom Dairy Fruit & Vegetable Pvt Ltd
  • Schreiber Dynamix Dairies Ltd
  • Orissa State Cooperative Milk Producers Federation
  • Andhra Pradesh Dairy Improvement Cooperative Federation Ltd
  • Karnataka Co-operative Milk Federation
  • Dynamix Dairy
  • Tamil Nadu Co-operative Milk Producers Federation Ltd
  • The Kerala Cooperative Milk Advertising and marketing Federation Ltd (Milma)

Cattle insurance coverage (Protection, Declare & Exclusions)

Cattle are thought of some of the precious belongings of the agricultural neighborhood. Atypical, small, and medium-scale farmers get most of their earnings from elevating cattle. Cattle insurance coverage is one other initiative of the Authorities of India to guard the nation’s agrarian financial system. 

What’s cattle insurance coverage?

Cattle insurance coverage protects the agricultural individuals of India from monetary loss because of the demise of their cattle. The price of livestock is excessive and their loss can pressure farmers to enter debt. With livestock insurance coverage, farmers can have complete safety towards livestock injury. 

Kinds of cattle insurance coverage

There are two sorts of dangers coated below this coverage;

  • Demise of cattle – It covers the lack of life on account of an accident or harm and an sickness attributable to a surgical an infection. 
  • Everlasting incapacity protection – It covers the chance of everlasting and full incapacity. 

What does cattle insurance coverage cowl? 

Along with fireplace, highway accidents, drownings, electrical shocks, snake bites or poisoning deaths or disabilities, livestock insurance coverage supplies protection for different points. These embrace;

  • Demise on account of pure disasters reminiscent of storms and earthquakes 
  • Demise on account of sickness, an infection, or calf throughout a surgical procedure
  • Everlasting incapacity, for lactating cows, means being pregnant and yield milk. This refers back to the incapacity to breed for bulls. 


This coverage covers all Indigenous, Crossbred, and Unique animals. Animals embrace milch cows, buffaloes, calves/heifers, stud bulls, and bullocks. The coverage supplies for compensation for the demise of animals (animals) on account of;

  • The accident consists of fireplace, lightning, flood, flood, inundation, cyclone, twister, storm, tempest, hurricane, earthquake, strike, and civil commotion
  • Surgical operations 
  • Ailments that happen throughout this coverage interval 

Animal age group to be coated

  • Milch cows 2 years or first calving as much as 9 years 
  • Milch buffaloes 3 years of age at 1st calving to 9 years
  • Stud bulls 3 years or earlier age at maturity to eight years
  • Bullock buffaloes 3 years to 9 years
  • Calves or Heifers 4 months updated of 1st calving 

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Indian Bullock buffaloes
Picture Supply: Pixabay


Cattle demise covers insured cattle inside the geographical space specified within the coverage schedule, in case of life accident an infection or surgical procedure. The coverage additionally covers livestock deaths that are coated by insurance coverage exterior of the stated geographical space in case of drought, epidemic ailments, and different pure calamities. 

Non-compulsory advantages 

Everlasting incapacity protection covers the chance of everlasting and full incapacity of cattle. A coverage will likely be issued within the title of the group together with the names of the members or shoppers together with the main points of their cattle known as “Insured Cattle” which is a part of the coverage. The age of the calf (cow/buffalo) must be greater than 90 days and the age of lactating animals (cow/buffalo) must be as much as 4th lactation. 

Valuation and sum insured 

  1. The market worth of sheep and goats varies from area to area, relying on the breed. And every now and then. The veterinarians can have suggestions from the vet in addition to settle for insurance coverage, it’s thought of an acceptable information for declare settlement 
  2. The sum insured shall not exceed 100% of the market worth. 

Veterinary examination 

  1. Veterinary surgeon’s age, identification marks, well being report of animal, and a sign that immunization is full should be obtained for every suggestion. 
  2. Wherever veterinary surgeons will not be accessible, firms might achieve this at their discretion. Settle for well being certificates issued by Livestock Inspectors or Supervisors who’re Diploma. Holders of such certificates will solely be eligible for approval of proposals. 
  3. Recent veterinary examination is just not needed if renewal is finished on time. 
  4. Insurers might pay a price of Rs. 1 / – per animal to the veterinarian as an examination price. The paperwork required for the declare course of on the time of approval of the proposal.

Paperwork required for declare course of

The next paperwork for acquiring the declare quantity;

  • Proposal kind 
  • Medical certificates from veterinary physician
  • At the very least 4 pictures of the insured animal 
  • Duly stuffed within the declare kind
  • Receipt of fee on the time of buy of animals
  • The identification tag of insured cattle

How does cattle insurance coverage work? 

Cattle insurance coverage is a vital facet of livestock administration in rural areas. Let’s perceive how this insurance coverage works. 

  • Step one is to determine the cattle and decide the worth of the livestock earlier than finalizing the sum insured. The analysis is made collectively by the beneficiary and a licensed veterinarian. 
  • In response to the coverage, the beneficiary has to pay a premium on a month-to-month or annual foundation. Within the occasion of demise or incapacity of the animal, the beneficiary instantly notifies the financial institution of the accident. 
  • All needed paperwork must be submitted to the insurance coverage firm
  • A consultant of the insurance coverage firm will confirm all of the paperwork and settle the declare.

Vital facets

Often known as livestock insurance coverage, this coverage is accessible to virtually all livestock homeowners in rural India. Nevertheless, earlier than shopping for insurance coverage, you will need to hold the next info in thoughts;

  • Cattle must be correctly vaccinated and fed a nutritious food plan. If intentional negligence is discovered to be the reason for demise or incapacity, the declare could also be rejected. 
  • For the declare to be accredited, the financial institution should be notified instantly after the accident. 
  • A talented and authorized veterinarian must be concerned in treating cattle; In any other case, the declare could also be rejected. 

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Feeding Cows in Dairy
Picture Supply: Pixabay

Advantages of shopping for cattle insurance coverage 

Cattle insurance coverage is meant to learn as many individuals as doable in rural India. The insurance coverage coverage supplies protection towards the dangers of demise and everlasting incapacity on account of famines, accidents, earthquakes, riots, or strikes. Additionally, surgical operations, fireplace, explosion, explosion, and injury to electrical plane or missile testing actions, ailments, and infections that occurred throughout the coverage interval. Pure disasters reminiscent of hurricanes, tornadoes, typhoons, inundation, storms, and floods.

Main exclusions

Malicious course of, transportation by air or sea earlier than the onset of an accident/illness hazard. Intentional slaughter, theft or clandestine sale, lack of insured animals, conflict and associated hazards, nuclear emission clause. 

The corporate is not going to be accountable for compensation below this coverage;

  • Malicious or intentional harm or neglect, overloading, unskilled remedy, or use of animals with out the written consent of the corporate. 
  • Along with the aim described in accidents earlier than the onset of hazard. 
  • Deliberate slaughter of animals is a direct consequence of the specter of conflict, invasion, international enemy motion, hostility, civil conflict, rise up, revolution, riot, mutiny, commotion, navy or usurping energy, or any consequence or try and threaten. 
  • Climate insurance coverage has a knock-on impact on the financial system because it permits entry to components of manufacturing. Applicable safety supplied by a seasonal insurance coverage product enhances the risk-taking capability of farmers, banks, microfinance lenders, and agro-based industries. Consequently, your entire rural financial system will flourish. 

Cattle insurance coverage firms in India 

A number of the insurance coverage firms providing this scheme in India are;

  • HDFC Ergo 
  • Reliance Basic 
  • ICICI Lombard 
  • Oriental Insurance coverage 
  • SBI Basic 

What’s the premium quantity for the insurance coverage

The quantity of premium is determined by the insurance coverage firm which varies relying on the product. 

Dairy mortgage significance and eligibility

Dairy Mortgage is a particular mortgage from Karur Vysya Financial institution designed to finance the institution of dairy items for milk manufacturing. Credit for people and farmer teams for buying options and advantages;

  • Excessive-yielding dairy animals. 
  • Cattle: Indigenous breeds reminiscent of Gir, Tharparkar, and so on., and unique breeds reminiscent of Jersey, Holstein Friesian, and so on., and within the case of buffaloes: Mehsana, Jaffarabadi, and so on., 
  • Building of cattle sheds. 
  • Buy of Dairy Tools, Chaff Cutter, and so on., 

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Picture Supply: Pixabay


People, Farmers, Farmers Teams, Companies, Corporations, Societies, NGOs, and so on. 

Quantum of mortgage

  • Unit value excluding Margin Cash.
  • In response to the viability of the undertaking after which repaying capability of the debtors.


The reimbursement interval will primarily rely upon the money circulation and alter between 3 to 7 years.


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