We provide agricultural insurance at acceptable levels appreciated by various local and international institutions and authorities responsible for insurance regulations in the country.
We have experts in agricultural insurance and agriculture in general to ensure that agricultural insurance brings productivity to the beneficiaries in all aspects of expertise and compensation when challenges arise in agriculture activities.
Agricultural insurance protects against loss or damage to crops and livestock. It has great potential to provide value to farmers investiments and their communities, both by protecting when shocks occur and by encouraging greater investment in agriculture industry.
Covers we offer are;
1) Crop Insurance
2) Livestock Insurance
3) Poultry Insurance
Is a risk management tool that protects standing crops against natural disasters, it is like placing a safety net under cash income so you can financially meet both your personal and business obligations.
In crop insurance we offer three covers as detailed below;
MPCI covers crop loss, including lower yields or loss on inputs caused by natural events, such as:
Weather-based crop insurance is a powerful for stabilizing farmers’ income by providing timely payouts directly linked with weather parameters.
Most of rural Tanzanian farmers are vulnerable to a range of risks and constraints that affect their socio-economic development.
Weather risk, in particular, is a big challenge in agriculture. Weather shocks can trap farmers and households in poverty, but the risk of shocks also limits the willingness of farmers to invest in measures that might increase their productivity and improve their economic situation
Is a crop insurance that offers protection against all natural catastrophes and biological perils that could influence on reduction of crop yields.
The specific of the product is that the farmer insures the average yield expected in a particular area, not the individual yield. The losses are measured as the difference between the actual yields and the insured average yields in the indexed area.
We also provide covers for farm equipments and machinery to make a client having all the insurance concerning agriculture activities from one stop centre, machines and equipments ensured are;
Warehouses with or without produces inside etc
Premiums will be charged according to the following factors;
From date of affecting cover to date of harvest for all seasonal crops and one year period for perennials.
Each crop is valued on the historical average yield based on at least past five consecutive seasons. The proposed limit of indemnity should not be more than what the farmer has achieved in the past five seasons.
Below are the requirements to be observed by insured:
Livestock Insurance covers against losses due to accidental death, diseases of terminal nature, Flooding, Calving risks, emergency slaughter on the advice of a qulified and recognized veterinary surgeon and theft of livestock in raising units or paddocks.
We offer flexible and individually tailored livestock insurance coverage for a variety of clients - from private farm owners to commercial operations.
It covers dairy cattle, beef cattle, pigs, sheep and goats
Health status: Certified by qualified vet doctor/officer.
Identification: Using Tag / any where applicable.
Practices: Good animal husbandry practices.
Cattle – 90 days to 8 years
Shoats, sheep and goats – 60 days to 5 years
As provided or evaluated by a qualified vet officer and agreed between Insurer and the insured.
1. Death/Loss of livestock due to;
2. Vaccination, treatment and postmortem costs
3. Inability of the animals to perform the tasks for which they are employed for
4. Death of animals outside the limits of the situation of risks as stated in the schedule
5. Losses arising from feed or spray poisoning
6. All losses caused by mismanagement including malnutrition, dehydration, famine, diseases that must be vaccinated against.
7. Animal shows and exhibitions
This provides indemnity to Poultry birds which includes layers, broilers and hatchery birds. (Breeding stock) which are exotic and cross-bred. Indigenous and non-discriptive birds will not be insured.
The policy shall provide indemnity against death of birds due to accident (including fire, lightning, flood, cyclone, strike, riot and civil commotion and terrorism) or uncontrolled diseases contracted or occurring during the period of insurance.
Layer birds – 1 day old to 72 weeks
Broilers – 1 day old to 8 weeks
Hatchery Birds – 1 day old to 72 weeks
Rates shall be fixed per bird for each of the following groups according to market conditions, mortaility experience and veterinary service promptness.
1 day old to 20 weeks
20 weeks to 72 weeks
1 day old to 8 weeks per batch or per annum
1 day old to 72 weeks
(Extra premium to be charged for every additional increase than the maximum value fixed for the bird.)
The market value of birds varies from breed to breed, area to area and time to time. Guideline valuation chart should be mapped out to be approved and attached for fixing the maximum sum insured per bird and to be the base of settling claims afterwards.
Wilful injury, transit by any mode,theft and clandestine sale,intentional slaughter, Avian Leucosis, complex disease, war and nuclear perils, improper management, undergrowth, cannibalism, loss of productions, predators action, permanent and partial disablement, loss of production and standard exclusions.
A Veterinary Certificate from a qualified Veterinarian showing the following details is necessary for acceptance of risk:
1) According to the vaccination programs get the whole chickens vaccinated against common and prevalent diseases.
2) Maintain good poultry management practices.
3) Maintain daily production records.
4) Comply with the rules as per local legal requirements.
1) Post mortem report should be prepared by a qualified and certified veterinary officer/surgeon within 24 hours after death.
2) Report the death and loss incident to the insurance company in 12 hours.
3) Submit claim documents to the insurance company within 14 days of the loss, including insurance policy papers, duly claimed papers, post mortem reports.
Proposal form filling.
Acreage/No of animals
Payment is done.
Pre-cover survey / inspection.
Issuance of insurance certificate and a policy document.
Subsequent field visits.