The importance of getting an insurance policy for your crops and livestock cannot be over-emphasized.
And with the need for value-addition and products tailored to help farmers reap maximum benefits from their agri-business activities, Co-operative Bank of Kenya has developed insurance policies designed for farmers to help them gain the most from their farming.
Today, Bizna looks at what Co-op Bank’s insurance policy for both crops and livestock has to offer:
CROPS
You will be covered against
- Yield shortfall due to:-
- draught and/or excessive rainfall
- hail
- frost
- windstorm
- fire
- uncontrollable pests and diseases
- Loss of production inputs are also covered as a result of the same factors.
Crops covered include:
- Wheat
- Barley
- Sorghum
- Maize
- Tea
- Vegetables
- Sugarcane
- Flowers
- Green house
To get covered you’ll need:
- Completely filled proposal form
- The expected income per acre
- The cost of production per acre
- Premium payment
The claiming process involves:
- Completely filled claim form
- Police abstract in the event of theft of livestock or poultry
- Vet claim form in the event of poultry
LIVESTOCK
This policy covers farmers against loss/death of livestock as a result of the following:
- Accidental death due to lightening, floods, snakebites, windstorms
- Diseases of terminal nature
- Emergency slaughter on veterinary advice
- Forceful theft either in paddock or zero grazing units
- Transit risk within a radius of 250kms
- Calving complication
- Loss as a result of epidemics
Covered areas include:
- Cattle
- Horses
- Pigs
- Rabbits
- Sheep
To get covered you’ll need:
- Completely filled proposal form
- Premium payment
- Current veterinary and valuation report from local veterinary officer
The ages of livestock covered include:
- Cattle, sheep and goats below 10 years
- Cattle that are older than 90 days
- Sheep, goats and pigs older than 60 days
- Horses that are below 25 years but older than 3 months
The claiming process involves:
- Completely filled claim form
- Police abstract in the event of theft of livestock
To apply, you may CLICK HERE or visit your nearest Co-op Bank branch.