Table-8: Livestock Insurance Density Year Total Premium (Rs. crores) Animals Covered (in crores) Livestock Insurance Density (rupees) 2001 144.68 0.89 162.56 2002 133.8 0.91 145.78 2003 120.45 0.63 191.04 2004 109.35 0.67 163.28 2005 137.68 0.79 174.28 Table-9: Livestock Insurance – Claim Ratios Year Number of animals covered Premium Amount of Claims Paid Incurred Loss Ratio (in Crores) Rs. Crores) (Rs. Crores) (%) 1997-98 0.63 143.45 80.11 56 1998-99 0.79 152.02 126.08 83 1999-00 0.98 137.14 114.28 83 2000-01 0.89 144.68 135.93 90.20 2001-02 0.91 133.8 107.01 79.41 2002-03 0.63 120.45 110.51 92.45 2003-04 0.67 109.35 95.51 83.41 2004-05 0.79 137.68 89.36 66.24 There is one more reason to include livestock insurance in risk management in agriculture, viz.: a) India has three decades of experience with livestock insurance, so the physical and managerial infrastructure is in place. b) The Animal Husbandry Department, GOI, has been taking a keen interest in livestock insurance and has launched its own initiative, in the form of a national
