The New India Assurance Cattle Insurance Policy provides coverage for various types of cattle, including milch cows and buffaloes, calves/heifers, stud bulls, and bullocks. The policy offers indemnity for death due to accidents (including natural disasters), diseases, surgical operations, and riot and strike.

Key features:

• Covers various types of cattle.

• Indemnity for death due to various causes.

• The sum insured is the market value of the animal.

• Indemnity is limited to 75% of the sum insured for Permanent Total Disablement (PTD).

• The basic premium rate is 4% of the sum insured per annum.

• Long-term policies and group discounts are available.

• The policy can be extended to cover PTD for an additional premium.

Major exclusions:

• Malicious injury, neglect, overloading, unskillful treatment, or unauthorized use of the animal.

• Accidents or diseases occurring before the policy commencement.

• Intentional slaughter, except for humane reasons or by order of a lawful authority.

• Theft and clandestine sale of the insured animal.

• War, invasion, and other related events.

• Consequential loss of any nature.

• Transport by air and sea.

• Claims arising from diseases contracted within 15 days from the start of the policy.