Poultry Farm Insurance

This product covers birds (broilers, layers, parent stock, grandparents' stock, hatchery stock, cockerel, ornamental birds) against death as a result of fire, lightning, windstorm damage, flood, uncontrollable disease and accident. The premium rate is dependent on the standard of risk management, biosecurity, size of the farm, and the type of birds to be insured. The sum insured is based on the declared market value of the broiler at table size, and layers at point of lay.

Livestock Insurance Policy

This policy insures livestock (e.g. cattle, sheep, goats, rabbits, and pigs) against death caused by fire, lightning, windstorm, flood, accident, outbreak of uncontrollable disease. The coverage provided by this policy indemnifies based on the value of insured animals in the event of death. The sum insured is dependent on the declared, and/or projected, market value of the animal.

Fish Farm Insurance

This policy insures fish against death and fishpond against collapse as a result of fire, lightning, windstorm damage, flood, uncontrollable disease and accident. The sum insured is based on the declared, and/or projected market value of the fish. Premium rate is dependent on the standard of risk management, biosecurity, size of the farm, and the type of fish to be insured.

Farm Property & Produce Insurance

This policy provides cover against loss of, or damage to, farm property (e.g. warehouse and farm equipment) and agricultural produce as a result of fire, burglary/housebreaking, lightning, flood, windstorm, explosion, aircraft, earthquake, and impact risks. Premium rate is dependent on the standard of risk management measures implemented in order to protect the property/produce.

Multi-Perils Crop Insurance Policy

This policy insures your farm against loss of, or damage to, your crop caused by fire, lightning, explosion, aircraft damage, windstorm, flood and outbreak of uncontrollable pest and disease. The coverage provided by this policy will pay for the production costs of crops that have been lost or damaged during the period from planting up to the maturity of the crop.

Area Yield Index – Based Insurance Policy

Area Yield Index Insurance is an insurance policy that provides cover against drought, excessive rainfall, windstorm, frost, uncontrollable plant disease and pest, excessive heat wave, hail and flood. Under this policy class, farmers are grouped into assigned areas (e.g. local government areas, states within the same agro-ecological zones).

Weather Index Insurance

This insurance product covers your farm against inadequate or excessive rainfall leading to crop loss. Claim payout is based on the realization of a specific weather parameter measured over a pre-specified period of time at a particular weather station. The insurance can be structured to protect against index realizations that are either so high or so low as to cause crop losses. For example, the insurance can be structured to protect the insured against too much or too little rainfall.