Livestock Insurance is the Need of Hour

Insurance Foundation of India has announced a seminar on “Livestock Insurance” Need of the Day which will be held on 3rd Feb 2020 in Lakshmipat Singhania Auditorium, PHD House, New Delhi. IFI has successfully organized various Executive Development Programmes/Skill Development Programmes of International standards in India with world-class faculty. The programmes which are organized by Insurance Foundation of India receive wide appreciation because these Training Programmes are of practical orientation as the experienced Faculty is drawn from Corporates, Banks/ Financial Firms, Insurance Companies, Reinsurance Companies, Insurance Brokerage Firms, NGOs, Associations &leading Education Institutes.

Eminent Faculty Conducting this Seminar:

People who are highly experienced and up to date in their knowledge will organize the seminar

• Sanjeev Kumar Balyan*, Hon’ble Minister of State Fisheries, Animal Husbandry and Dairying

• Atul Chaturvedi, Secretary, Ministry of Animal Husbandry, Dairying and Fisheries

• G. Srinivasan*, Director National Insurance Academy& formerly Chairman-cum-Managing Director, The New India Assurance Co. Ltd.

• R. S. Sodhi*, Managing Director, GCMMF Ltd. (Amul)

• KanhaiyaLal Swami*, IAS, Managing Director, Rajasthan Cooperative Dairy Federation Limited (RCDF), Jaipur

• Banna Ram Meena*, Chairman, Saras Dairy, Alwar

• Ballaswamy, General Manager, New India assurance Company Ltd.

• D. K. Aggarwal*, President, PHD Chamber of Commerce & Industry

• Steward Doss, Faculty Member National Insurance Academy

• Dharmendra Kumar Sharma, Consultant Rural Insurance, Haryana State Government

• Vinod Jain*, Chairman, BFSI Committee, PHD Chamber of Commerce & Industry

• S. K. Sethi, Founder & CEO, Insurance Foundation of India

Why need for Specialized Seminar on Livestock Insurance?

Under the leadership of Hon’ble Prime Minister Sh. Narendra Modithe initiative taken by the present Government is to double the farmer’s income in India by 2022. To achieve this multi modal focus on all farming activities is proposed with special emphasis on Allied Agricultural activities such as veterinary etc.

As the growth of Crop/ Agriculture income has limitation therefore thinking which has emerged is

that farmers/ rural population should go in for more and more of:

• Dairy Farming

• Poultry Farming

• Fishery

• Rearing of Goat/ Sheep

• Bee Keeping

• Silk Worm Production

Target Audience will comprise of:

• Officials of Ministry of Animal Husbandry (Govt. of India)

• Officials of Ministry of Animal Husbandry (State Govt.)

• Officials& Scientists of National Dairy Research Institute, Karnal

• Banks / NBFC/Micro Finance Institutions providing livestock loans

• Insurance companies issuing Livestock (cattle) Insurance policies

• Insurance Broking Firms selling livestock (cattle) Insurance policies

• Senior Management & Officials from Milk Producer Co-operative Societies Like: Amul, Saras, Vila, Vijaya etc.

• Service Providers engaged in Tagging of animals

• Surveyors

• Technology Companies working towards taking Livestock Insurance to next level,when India emerges as 5 Trillion US $ economy.

Points to be covered in the Seminar are:

• Livestock Risk – Should Insurance be mode mandatory?

• Quality of animals can be improved with investment through loans

• Investment & improvement of Veterinary infrastructure is needed in a big way to support the farmers

• Product innovation needed in Insurance

• What can we learn from other countries?

• Availability of Cheaper, sufficientloans is essential for growth of this part of our economy.

Why farmers need Livestock insurance?

Importance of Livestock Insurance is increasing as more and more loans are being provided by Banks/ NBFC/Micro Finance Companies for increasing the income of Farmers, marginal farmers in all parts of the country. Insurance of Live Stock for market value paid by thefarmer is important to protect his family in the eventuality of death of animal.

Who should attend the Seminar

This is a good opportunity of management/ officials:

• Owners of Cattle, Poultry Farms, Sheep Farms Goat and Pig farms

• Development Officers working at District/ Tehsil level

• Officials working in Departments of the Ministry of Animal Husbandry at national and state level

• Managers and employees of insurance and Reinsurance companies

• Banks/ NBFC/ Micro Finance institutions providing credit for purchase of livestock

• Technology Companies working on claim settlement of Insurance

• Brokers

• Consultants

• Students of Veterinary Colleges

• Product/ Service providers connected with growth of this segment of our economy.

Some Key Take Away for Various Stake Holders will be:

• Understanding of the Needs of Farmers which will result in growth of dairy farming, fisheries,

• Poultry farming, bee keeping &silk worm production

• Important Issues in Livestock Insurance

• Availability of credit supported with Insurance can result in growth

• Role of Technology in monitoring of Claims

Delegate Fee:

• Participation fee: Rs. 2000/- per participant.

• Individual Foreign Participant fee: US $ 125

For more details contact -

Mr. Mahender Soni,

Programme Coordinator

Insurance Foundation of India, 91-7678689961, Ph:+91-11- 46581577

Email: vp@ifingo.orgWeb:www.ifingo.org