SHREE KSHETRA DHARMASTHALA RURAL DEVELOPMENT PROJECT (R.) Dharmasthala.

SHREE KSHETRA DHARMASTHALA RURAL DEVELOPMENT SHREE KSHETRA DHARMASTHALA RURAL DEVELOPMENT PROJECT (R.) DharmasthalaPROJECT (R.) Dharmasthala

Exposure to health risks.

Possibility of accidents while grazing.

Involvement of loan component.

Poverty.

NEED FOR LIVE STOCK INSURANCENEED FOR LIVE STOCK INSURANCE

The Premium Amount

The Waiting period

The Settlement of the claims

THREE DECIDING FACTORS

The following documents were to be submitted to insure cattle.

Age of the cattle.

The cattle has to be inspected and certified by a Veterinary doctor.

The animal has to be Ear tagged by the Veterinary doctor.

The photo of the animal showing the Ear tag and the owner of the

animal.

METHOD FOR POLICY MAKING

Sl. no.

Animal Value (Rs.)

1 year 2 years 3 years

1 100 Rs.5 Rs.10 Rs.12

2 10000 Rs.500 Rs.1000 Rs.1200

1)Waiting period.

2)Calculation of Premium Amount.

Assignment of SKDRDP Puttur office as the Nodal office.

Awareness about the cattle Insurance program.

Presence of the dairy officers at all the project offices.

Allocation of premium amount along with the loan

amount if necessitated.

Provision of the list of beneficiaries.

Insuring the animal.

Premium payment to Insurance

Company.

Documents have to be submitted. The death of an animal has to be certified by the

Veterinary doctor. The photo of the animal with the ear tag and the owner of

the animal. Tag of the animal Copy of the policy certificate.

SETTLEMENT SETTLEMENT PROCESSPROCESS

CATTLE INSURANCE POLICIES AS ON 31-3-2009

No. of animals Insured 9087

Total Insured amount(Rs.)

105305115

Number of claims settled 129

Claim Amount settled(Rs.)

1552250

||OM SHREE MANJUNATHAYA NAMAH||

SHREE KSHETRA DHARMASTHALA RURAL DEVELOPMENT PROJECT(R.) DHARMASTHALA

CATTLE INSURANCE POLICIES AS ON 31-3-2009

Taluk No. of Policies

Total Premium Amount

(Rs.)

Dakshina Kannada 388 6,48,528

Uttar Kannada 612 7,15,442

Udupi 199 2,57,052

Shimoga 5057 46,23,484

Chikmagalore 2831 25,93,371

TOTAL 9087 88,37,877

||OM SHREE MANJUNATHAYA NAMAH||

SHREE KSHETRA DHARMASTHALA RURAL DEVELOPMENT PROJECT(R.) DHARMASTHALA

Introduction

Premium

Benefits

Participation in Profits of these Corporation

Eligibility Conditions And Restrictions

Commission For Micro-Insurance Agents

Underwriting, Age Proof And Medical Requirements

Grace Period For Payment Of Premium

Auto-Cover

The proposal form would be filled by the field animator and the

demand draft of the premium amount favoring the assigned LIC office

would be taken by the field animator and submitted to the respective

SKDRDP Project office.

The Office staff at Project office would fill in the details in the software

and prepare the back up of the software.

The proposal forms, premium amount, software back up and the

printed statement of the software would be sent to the assigned LIC

office on the same day.

Any claim settlement would be considered from the day of the

registration in the software.

Claim form

Death certificate

Copy of the Policy certificate

Promissory note from nominee

Promissory note from field animator

Doctor certificate

In the case of any claims, the Field animator would send the

following details to the LIC office within 10 days of the claim

LIFE INSURANCE POLICIES AS ON 31-3-2009

TalukNo. of

PoliciesTotal Premium Amount (Rs.)

Dakshina Kannada 20,056 2,49,43,722

Uttar Kannada 12,621 1,42,06,280

Udupi 18,054 2,06,56,834

Shimoga 62 90,600

Chikmagalore 0 0

TOTAL 50,793 5,98,97,436

No. of claims settled 22 4,00,000

||OM SHREE MANJUNATHAYA NAMAH||

SHREE KSHETRA DHARMASTHALA RURAL DEVELOPMENT PROJECT(R.) DHARMASTHALA