Livestock Insurance & What Will Cover Cost?
Insures cattle
Enter your animals, value per animal, premium rate and subsidy to get the premium you actually pay — sum insured, gross premium, subsidy, premium per animal and indemnity per animal.
Insure your herd
Next: insure 10 animals for ₹50,000 each; tag/ear-mark them, keep the vet certificate, and report deaths within the claim window.
Premium rate, subsidy and sum insured (often the market value) vary by scheme/state; covers death, not loss of production.
Livestock insurance — key facts
- Covers
- death from disease/accident
- Sum insured
- animals × value/animal
- Value basis
- often market value
- Gross premium
- sum insured × rate
- Net premium
- gross − subsidy
- Subsidy
- government scheme share
- Must do
- tag animals, report deaths in time
- Privacy
- Runs in your browser; nothing uploaded
One sick animal shouldn't end a dairy
For a smallholder, a milch animal is working capital — and losing one to disease or accident can wipe out a season's income. Livestock insurance turns that catastrophic risk into a small, predictable cost: pay a premium, and if an insured animal dies you get the sum insured back to buy a replacement. Because governments subsidise much of the premium, the real cost to the farmer is often far lower than the headline rate suggests.
This tool computes your net premium, sum insured, gross premium, subsidy, premium per animal and indemnity per animal, and works in 8 currencies. Use it to budget cover for your herd and see how much the subsidy saves you. Remember to tag the animals and report any death within the claim window. Pair it with the Dairy Profit and Crop Insurance Premium tools to plan your full farm risk cover.
Budget the premium
See the net cost after the government subsidy.
Insure to value
Match the sum insured to each animal's worth.
Know the payout
See the indemnity you'd get per animal.
Protect your income
Replace a lost animal without going into debt.
Frequently Asked Questions
What does livestock insurance cover?+
Livestock insurance covers the death of cattle, buffalo and other animals from disease, accident, calving complications, fire, flood and other named perils. On the death of an insured animal within the policy period, the insurer pays the sum insured (the indemnity) so you can replace the animal and protect your dairy or farm income. Permanent total disability may be covered as an add-on.
How is the premium calculated?+
The premium is the sum insured multiplied by the premium rate. The sum insured is the number of animals times the value per animal (often the market value), and the rate is a percentage set by the insurer for the species, age and term. This tool computes the gross premium, applies any subsidy, and shows the net premium you actually pay.
How is the sum insured fixed?+
The sum insured is usually the current market value of the animal — based on breed, age, milk yield and condition, sometimes certified by a veterinarian. It is the number of animals times the value per animal. Claims pay up to the sum insured, so under-insuring leaves you short when you need to replace an animal; over-insuring just costs more premium.
Do government schemes subsidise the premium?+
Yes — many governments subsidise a large share of the livestock insurance premium for farmers, especially smallholders and dairy households. In India, central and state schemes can cover roughly half or more of the premium, with the farmer paying only the balance. Enter your subsidy percentage and the tool shows the subsidy amount and your net premium.
What is the indemnity per animal?+
The indemnity per animal is the amount the insurer pays if that animal dies — usually equal to the value per animal you insured it for, capped at the sum insured. The tool shows this so you know exactly how much you would receive per head, which should be enough to buy a comparable replacement.
Do I have to tag the animals?+
Yes — insured animals are identified with an ear tag (or microchip), and the tag number is recorded on the policy. The tag links the animal to the cover; a claim is paid only for the tagged animal, and you typically must surrender the tag with the claim. Keep tags intact and report a lost tag to the insurer promptly.
How do I make a claim if an animal dies?+
Report the death to the insurer within the claim window (often 24 hours), do not dispose of the carcass before inspection, and submit the death certificate from a veterinarian, the policy, the ear tag and a claim form. Paying promptly within the window and providing the tag are the two things that most often decide whether a claim is settled smoothly.
Which animals can be insured?+
Cattle and buffalo (milch, draught and breeding stock) are most common, but sheep, goats, pigs, horses and other livestock can also be covered under suitable policies. Each species and age band has its own premium rate. Enter your value per animal and rate for the species you keep to estimate the cost.
Can I use this outside India?+
Yes — the structure (animals × value × rate, less subsidy) applies to livestock insurance anywhere; the scheme names and subsidy levels are country-specific. Choose your currency, enter your local value per animal and premium rate, and set your subsidy to estimate the net premium in any country.
Is this an official quote?+
No — it's a planning estimate. Actual premiums depend on the insurer's rates, the animal's age and health, veterinary valuation, and the scheme rules in force. Use this tool to budget for cover and compare options, then confirm the exact premium and terms with your insurer.