Market agreements had been formulated by the G.I.C. for the insurance of cattle, poultry, sheep and goats, work horses, etc., camels and shrimp and prawns.
Veterinary certificate to be submitted with the claim form is standardised under the agreement.
Intimation of loss / death of animal should be given to the Company or Financing Bank immediately, within 7 days.
In case of scheme animals, the policy is issued as agreed value policy and claims are settled for 100% of sum insured.
Premium is charged at the rate of 4% in the case of indigenous animals.
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