Introduction :
The ‘Risk Management and Livestock Insurance’ as a component of sub-mission on livestock development of National Livestock Mission (NLM) is to be implemented in all the districts of Uttar Pradesh (India) including those carved out in future, if any. The indigenous/crossbred/exotic milch animals, other livestock (Goat, Sheep, Pigs, Rabbit) and Pack animals viz Horses, Donkey, Mules, Camels, Ponies and draught animal like castrated male of Cattle/Buff along with breeding bulls of cattle and buffalo) will be under the purview of the ‘Risk Management and Livestock Insurance’ as component of sub-mission on livestock development of NLM.
Objective :
The objective of the scheme is to management of risk and uncertainties by providing protection mechanism to the farmers against any eventual loss of their animals due to death and to demonstrate the benefit of the insurance of livestock to the people.
Plan Proposal :
Benefit of subsidy is to be restricted to 5 animals per beneficiary per household for all animals except sheep, goat, pig and rabbit. In case of sheep, goat, pig and rabbit the benefit of subsidy is to be restricted based on ‘Cattle Unit’ and one cattle unit is equal to 10 animals i.e. for sheep, goat, pig and rabbit. Therefore, the benefit of subsidy to sheep, goat, pig and rabbit is to be restricted to 5 ‘Cattle Unit’ per beneficiary per house hold. If a beneficiary has less than 5 animals/1 Cattle Unit can also avail the benefit of subsidy.
|
Sl.no.
|
Year
|
Name of Insurance Company
|
Premium % Without Permanent Total
Disability
|
Premium % With Permanent Total Disability
|
|
For One Year
|
For Three Year
|
For One Year
|
For Three Year
|
|
1
|
2017-18
|
The Oriental
Insurance Company
|
2.32
|
6.98
|
2.98
|
7.36
|
|
2
|
2018-19
2019-20
2020-21
|
National
Insurance Company
|
2.25
|
6.13
|
2.80
|
7.20
|
|
3
|
2021-22
|
National
Insurance Company
|
2.88
|
6.83
|
2.97
|
7.20
|