Cattle Insurance provides the Indian rural population with protection against the financial loss incurred due to death of their cattle. It can be very difficult for the farmers to bear the cost of cattle as it is very high. It can force them into a debt cycle. With the help of Cattle Insurance, farmers will be able to cover the cost much easily.
There are two types of risks which are insured under this policy:
Death of Cattle
It covers the loss of life of the cattle because of an accident or injury and any disease that occurred due to surgical infection.
Permanent Disability cover
It covers the risk of permanent and complete disability.
Advantages of Buying Cattle Insurance
Cattle insurance aims at providing benefit to the maximum number of people in rural India. The insurance policy provides coverage against the risks of death and permanent disability due to:
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