Welcome to Samhita Micro Insurance

Cattle Insurance (Optional)
The Oriental Insurance Company Ltd.
Product Features:
  • The insurance will cover cattle (Non-exotic Milch Buffaloes and Milch Cows only) of the members of microfinance program.
  • Insurance will cover only the death of the animal and not any disability.
  • Premium : One time premium charged to the clients,
    • 2 year period – 6.4% of the market value of the cattle + Service Tax
  • Value of the animal should be in the range of Rs. 15,000 to Rs. 50,000.
  • The date of commencement of insurance cover starts from the date of tagging the animal and payment of 100% premium.
  • 15 days waiting period is applicable for disease related deaths.
  • Valid claims to be settled within 30 working days after reporting.

 

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