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Agri Insurance

Types of Insurance

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1.Motor insurance

This includes automobile, truck, motorcycle, aircraft, boat, or any other form of motorized transportation. It is perhaps the most common type of insurance, and is required by law in many countries.

Motor insurance covers the insured party against financial loss that he may incur to repair his vehicle or a third party’s in the event of an accident. In return for annual or semi-annual premiums, the insurance company is bound to pay any losses as described in the policy. Such a policy may include property, liability or third party, and medical coverage.

Property coverage insures damage to or theft of a vehicle; liability covers bodily injury or property damage that may occur as a result of the insured’s actions, and medical coverage pays any fees necessary for bodily injuries, rehabilitation and in some cases foregone wages and funeral costs.

In many countries, all of these types of automovile insurance are required of vehicle owners. In some countries, or states, only third party is required. However, in the case of new vehicles, any banks which may be financing the vehicle may require full insurance as a condition of financing.

If you have a larger vehicle, take a look at Autonet Van Insurance.

2.Health insurance

Most developed nations have government-funded health care which means that most or all citizens have access to medical facilities and treatment, as well as health insurance.

For example, the National health Service (NHS) in the United Kingdom pays for citizens’ medical needs. However, in the US, there is no government-funded health policy - whether for insurance or treatment. As a result, US citizens and residents must be insured or risk facing astronomical medical bills, garnishing of wages, and bankruptcy. Often, medical insurance (both health and dental) is included in employee benefit packages in the US and other countries. Nevertheless, the issue of affordable health insurance and treatment in the US is one of the most controversial and heated topics, as many cannot afford either. If you live in a country without comprehensive national health care, then low cost health insurance is a vital requirement.

3.Disability insurance

This form of insurance protects workers from injuries and illnesses which prevent them from doing their jobs. It can pay for existing commitments the policyholders may have such as outstanding bills, mortgages, utilities, and more.

Workers’ compensation is common in the US, and pays a worker his wages and medical expenses in the event of an injury on the job.

Permanent disability which prevents a worker from ever working again is covered by total permanent disability insurance. This provides the disabled employee with benefits for the rest of his or her life, or according to the terms specified in the policy. Companies can purchase a similar type of insurance, called,disability overhead insurance. This pays for ongoing overhead costs of a business while the owners are not able to work.

A Catastrophic Health Insurance plan, also known as a high deductible health plan, is good to have for those who prefer to pay lower monthly premiums. If your plan is eligible for a Health Savings Account, you can use those funds to pay the deductible and out-of-pocket expenses which saves you money in the long run.

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Insurance - Protect Your Yields-Not By Accident

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Insurance for fruit / vegetable crops-an essential infrastructure of investments.
Under growing the field of investments under the commercial horticulture / plantation ventures, it is of paramount importance to have a cushion for insurance for successful long term sustainance of this activity. 'The Oriental Insurance Company Limited' a subsidiary of General Insurance Corporation Of India having head quarters at New-Delhi, continuously ponder over this idea.

As a dependable insurance company for the past 50 years and as such we have customer oriented insurance covers for the following crops. 1). grape, 2). citrus (orange, lime, sweet lime), 3). chickoo (sapota), 4). pomegranate, 5). apple, 6). banana, 7). strawberry.


However we only hope for a serious and specialized insurance policy for each and every crop and in this direction out R&D cell is currently in the process of collecting required data viz., 1). life cycle of a particular crop, 2). normal threshold yield, 3). periodical records / recommended horticultural and management practices, 4). schedule of fertigation / pesticide operations, 5). 1 to 3 years data on crop cuttings / fruit or flower or vegetable yield and losses incurred by grower farmer and reasons thereof.

An insurance policy normally designed to cover an insured weather owner or tenant engaged cultivation of one or more crops or the name of an association or an organized or registered body of farms engaged in cultivation of the specified crops where such association or body has been formed and is functioning for the purpose of procurement of inputs, processing, marketing of the produce provided particulars of each member-farmer recorded in a schedule. A standard horticulture / plantation policy undertake to cover to the extent of loss or damage to the insured item occasioned by operation of any one or more of the following perils either in isolation or in concurrence;
1). Fire (including forest fire and bush fire), 2). Lightening, 3). Storm, Hailstorm, Cyclone, Typhoons, Tempest, Hurricane, Tornado whilst in direct and immediate operation over the insured area, 4). Flood and inundation (inspection report is necessary to cover these risks), 5). Riots and strikes.


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Agri Insurance

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Cattle Insurance

Need for insurance:

Cattle are delicate animals. They suffer from many diseases, accidents, etc. If the death occurs to animals due to these causes, there is tremendous loss to the owner of the animal or dairyman. But if there is insurance of the animal the owner gets some compensation and his loss is shared by the insurance company.

What is insurance ?

It is a service offered by a insurance company to protect owners of animals (cow, buffalo or bullocks) from any natural hazards (diseases, accidents, poisoning,etc.) and provide compensation to the owners of the animal when loss occurs in lieu of small regular payments to the company called premium. Through insurance, big losses befalling on few cattle owners are shared by the insurance company and the owner is protected.

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