Live Stock Insurance Scheme for Borrowers
In order to facilitate small farmers, having up to 10 animals, the Govt of Pakistan approved Livestock Loan Insurance Scheme for borrowers. NRSP MFBL offers livestock insurance to improve access to finance to Livestock & Dairy sector and to mitigate risk of losses to farmers in case of death or disease of animals due to natural calamities and accidents.
Under This Scheme:
Provided to: All borrowers availing loans for the purpose of livestock
Insurance Cover: Up to Loan Amount
Period Covered: Yearly Renewal
Animals Covered: Cows, Buffaloes and Bulls (Age from 9 months to 7 Years old)
Coverage for following instances:
- Death due to disease/ natural
- Death due to flood, heavy rains, wind storm and drought
- Accidental Death
- Emergency Slaughter
Note: Animal death due to malicious act is not covered.