Phonix Insurance

Protect your livestock.
Secure your livelihood.

Phoenix Insurance PLC protects farmers from financial loss due to the unexpected death or disability of their cattle — safeguarding one of rural Bangladesh's most valued possessions.

Cattle Insurance Prospectus
Cattle Insurance

Comprehensive protection for your most valued livestock.

Cattle insurance protects people from financial loss incurred due to the unexpected death of their cattle. Your animals are considered your personal property. With cattle insurance, farmers get comprehensive protection against cattle loss, covering death and permanent disability.

What We Cover

Coverage Types

Death of Cattle

Covers loss of life due to accident, injury, or disease occurred due to surgical infection.

Permanent Disability

Covers the risk of permanent and complete disability.

Key Benefits

Advantages of Cattle Insurance

Cattle insurance intends to benefit the maximum number of people in Bangladesh. The policy provides coverage against the risks of death and permanent disability due to:

Accidents
Surgical operations
Disease contracted and infection inflicted during the policy period

Detailed Risks

What's Covered

Death of Cattle

Covers loss of life due to accident or injury and disease occurred due to surgical infection.

Permanent Disability Cover

Covers the risk of permanent and complete disability.

Affordable Rates

Premium Structure

Death Insurance

of total cattle value / year

3%

Total Permanent Disability (TPD)

of total cattle value

1%

Eligibility Criteria

  • Cows, bullocks ,goats , sheeps or buffaloes of either sex
  • Cross-breed and exotic cattle owned by private owners, dairy farms, co-operative dairies and corporate dairies
  • Both schemed and non-schemed animals fall under this policy

Required Documents

  • Duly filled in claim form
  • Medical certificate from veterinary doctor
  • Postmortem report
  • Minimum 4 photographs of the insured animal
  • Receipt of payment of premium
  • Identification tag of the insured cattle

Claims Guide

How to File a Claim

1

Intimate the insurer

The owner should immediately intimate the insurer about the death, injury or theft.

2

Get certification

Get the death certificate or the certificate of disability from a veterinary practitioner.

3

Submit claim form

The beneficiary submits the duly filled in claim form along with the death, disability or theft certificate.

4

Site verification

An authorized member from the insurance company visits the site and verifies the submitted details.

5

Claim decision

If the claim is found to be genuine, the amount is paid to the beneficiary, else it is rejected.

Important Notes

  • Cattle must be properly vaccinated and fed with nutritious food — if carelessness is found as the cause of death or disability, the claim might get rejected
  • To get the claim approved, the owner must intimate the insurer immediately after the mishap
  • A skilled and certified veterinary doctor should treat the cattle, else the claim might get rejected

Settlement Timeframe

Standard

15 days

Standard claim settlement from date of claim submission.

Extended Investigation

Up to 3 months

If further investigation is needed by the insurer.

3%Death insurance premium/year
15 DaysStandard claim settlement

Enrollment Workflow

How It Works

1

Identify & value the cattle

The cattle is identified and its price is determined.

2

Pay the premium

Beneficiary pays the premium amount yearly, according to the policy.

3

Report the incident

In case of death, theft, or disability, the beneficiary immediately informs the insurance company.

4

Submit documents & settle

Required documents are submitted, validated by the company, and the claim is settled.

Safeguard your livestock, secure your income.

Get comprehensive cattle insurance in place. Request a quote online, speak with our advisors, or visit any branch near you.

Claim ProcedureContact Us