Poultry Insurance Scheme

Poultry Insurance Scheme

Policy Details:

The word "Poultry" for the purpose of this scheme refers to (a) Layers (b) Broilers (c) Parent stock which are exotic and cross bred.

Highlights
Applicability :

a) The Scheme is applicable to Poultry Farms consisting of all types of exotic and crossbred Poultry Birds in India

b) All birds in a farm should be covered After issuing Policy if additional birds are introduced in the farm, immediate notice to be given to the Insurer, otherwise claim will repudiated. c) The Scheme is applicable to Poultry Farms consisting of a minimum number of birds as follows :

(i) Under Bank finance (for all types of birds) : IRDP - 100 Nos. (or as per IRDP norms) NON IRDP - 500 Nos.

(ii) General :

(a) Broilers 100 per batch

(b) Layers 500 per batch Hatchery 2000 birds per batch Age Group : Broilers

(i) 1 day to 8 weeks

(ii) 1 day to 6 weeks Layers

(i) 1 day to 20 weeks

(ii) 21 weeks to 72 weeks

(iii) 1 day to 72 weeks Hatchery Birds = 1 day to 72 weeks Premium Rates : Broilers :

a) 1 day to 8 weeks. 1.5% ; Annual 6%

b) 1 day to 6 weeks. 1.20%; Annual-4.8% Layers :

a) 1 day to 20 weeks - 3.20%

b) 21 weeks to 72 weeks 3.50%

c) 1 day to 72 weeks 5.50% Parent Stock (Hatchery) - 5% Note :

1. The premium will be charged on peak Value of birds in each of the above categories.

2. Minimum value for Parent Stock bird should be Rs.200/- (negotiable). Sum Insured : Layers : Max. of Rs.75/- ( N.S.), 25/- (S) Broilers : Max. of Rs.45/- (N.S.), 15/- (S) Discount : a) No claim discount :

i) No claim for one year 15%

ii) No claim for two years 20%

iii) No claim for 3 years 25%

b) Good features discount : 5% Important Underwriting Conditions :

1. All birds in a farm should be insured

2. Proper balanced feed, water & light should be provided

3. Debeaking & deworming should be carried out regularly

4. All essential record should be kept

Covered

Scope of Cover : The policy shall provide indemnity against death of birds due to accident (including Fire, Lightning, Flood, Cyclone/ Storm / Tempest / Earthquake, Strike, Riot, Act of Terrorism) or diseases contracted or occurring during the period of insurance subject to certain exclusions.

Indemnity : 80% of the value of the bird at the time of death as per valuation table. 20% additional excess for Gambaro disease.

Exclusions
Important Exclusions : Malicious/willful injury, neglect; transit by any mode; improper management; undergrowth, cannibalism, action of predators; theft and clandestine sale, intentional slaughter; consequential loss; any disability; loss of production, malnutrition; war and nuclear group of perils, M.D., R.D., F.P., I.B., A.L.C.

Claims Procedure :

a) Duly filled claim form

b) Veterinary certificate & P.M. report

c) Daily records of mortality, feeding etc.

d) Purchase invoices for the birds

e) Photographs, medical bills etc.

Excess : Broiler 5% of population in each batch Layer :

a) 1 day old to 8 weeks 5%

b) 9th to 20th week 3%

c) 21st week to 72 weeks 1%

Salvage : In case of emergency sale of live birds due to epidemic and if the Insured realizes the value less than the valuation table for corresponding week, the difference will be paid to the Insured.