Crops Insurance

Perils covered

The policy covers a loss to crops due to the following: • Natural calamities: excessive rain, hail, frost, snowfall, windstorm, flood and drought • Crop related diseases, viral and bacterial attack. • Locust attack or insect attack

General exclusions

The insurance does not cover. • Loss due to theft, malicious act or due to reasons and risks not specifically covered by the policy • Loss or damage to crop occasioned by its fermentation, natural heating or spontaneous combustion or by its undergoing heating or drying process. • Loss or damage occasioned by or through or consequent upon the burning of crop, fire of any nature, earthquake, volcanic eruption or other convulsion of nature, subsidence or heave, landslide and erosion. • Losses due to avoidable causes such as neglect or malfeasance of the insured. • War invasion, riot, strike and terrorism. • Price fluctuations

Livestock Insurance

Buying livestock animals involves a large investment on the part of the farmers. The death of animal that may result from an accident or illness or disease can lead to a significant loss which can be difficult to bear financially. Farmers can protect themselves against the loss of valuable animals by purchasing livestock insurance.

Eligibility:

All farmers receiving livestock loans from banks are eligible to buy this insurance. All livestock will be covered for which the bank is advancing loans to its borrowers.

Perils covered

• Death due to disease • Death due to flood, heavy rains , windstorm (acts of god) • Accidental death

General exclusions

The insurance does not cover. • Pre-existing diseases or injuries • Theft (negotiable) • Transport by land beyond 25 km (s) from the place of stabling or transport by air or sea. • Any government order of killing of an animal as a result of pestilent • Injury because of the negligence of the insured in taking good care of the insured animals • Riot, strike & civil commotion.