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.

Chander Mohan Updated 13 January, 2020 5:44 PM IST

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: