Thailand’s Agriculture Bank Insures Cows against Accidents, Natural Disasters and Disease

[snoop1130]

 

BANGKOK (NNT) - Thailand’s Bank for Agriculture and Agricultural Cooperatives (BAAC) has partnered with insurance companies, to make cattle insurance possible, and cattle farmers can now insure their herds against accidents, natural disasters and several diseases, including lumpy skin disease.

 

BAAC manager Thanarat Ngamwalirat said Southeast Insurance will insure dairy cows, for an annual premium of 810 baht per animal, including VAT and insurance tax. The maximum coverage is 30,000 baht in case the cow dies in an accident, natural disaster or of a disease. The insurance deal covers dairy cows aged between 18 months and eight years, which have a health certificate issued by a veterinarian.

 

He said insurance for cattle raised for their meat will be handled by Dhipaya Insurance and Syn Mun Kong Insurance. The premium is set at 400 baht per animal, including VAT and insurance tax, while coverage will last for six months at a maximum of 30,000 baht in case of death by accident, natural disaster or of disease. Eligible cattle must be healthy, not exceeding 36 months old and already vaccinated against haemorrhagic septicemia and foot and mouth disease.

 

Mr. Thanarat said only cattle farmers who have registered with the Livestock Department will be eligible for the insurance programs, and the BAAC hopes the coverage will help mitigate losses suffered by cattle farmers, especially with the ongoing lumpy skin disease outbreak.

 

-- © Copyright NNT 2021-06-22

 

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[Phuketshrew]

So when that lovely Thai lady asks for money for the sick buffalo you can now just tell her to claim it on the insurance?

[fangless]

38 minutes ago, Phuketshrew said:

So when that lovely Thai lady asks for money for the sick buffalo you can now just tell her to claim it on the insurance?

No!

That is not how it works!

When you first meet the delightful "my first ever hansom man" girl you will be asked to provide the money for the new buffalo and now that you have a "vested" interest in the said buffalo you will, on a very regular basis, be invited to pay extra insurance premiums after every, more serious "sickness"!

 

It is just another exercise in beefing up your contribution to the Thai Bar girl economy!

 

 

 

 

 

 

 

Edited June 22, 2021 by fangless

[Justgrazing]

Sounds like a good moo-ve this but will they be covered for lightning strikes ..

[kickstart]

28 minutes ago, Justgrazing said:

Sounds like a good moo-ve this but will they be covered for lightning strikes ..

It says natural disasters ,so that should cover lighting strike ,but the odds are high that an animal will die from lightning strikes.

But does it cover beef cows ,it only says dairy cattle and beef  meat cattle.

As for only 6 months on beef meat animals ,not long enough to fatten a animal ,unless it is 3 parts fat already ,no way will a roadside feed Brahman get fat in 6 months. 

We had a policy like this back in the UK ,the farm I worked on had 170 cows we had a few stiffs every year ,our very friendly vet just signed the form when a animal died ,no problem ,this policy lasted 4-5 years the insurance company stopped the policy ,they were losing too much money .

The way Thai's rear cattle ,they are always dying ,lets see how long it lasts , if I remember right 15 years ago they were a similar  idea ,that died a death after a couple of years .

[Tarteso]

13 hours ago, Justgrazing said:

Sounds like a good moo-ve this but will they be covered for lightning strikes ..

Or jumping from balcony?

[chilly07]

Wonder if they will cover elderly expats who can't get health insurance?

[PETERTHEEATER]

What's  the udder option?

[Justgrazing]

17 hours ago, kickstart said:

It says natural disasters ,so that should cover lighting strike ,but the odds are high that an animal will die from lightning strikes.

But does it cover beef cows ,it only says dairy cattle and beef  meat cattle.

As for only 6 months on beef meat animals ,not long enough to fatten a animal ,unless it is 3 parts fat already ,no way will a roadside feed Brahman get fat in 6 months. 

We had a policy like this back in the UK ,the farm I worked on had 170 cows we had a few stiffs every year ,our very friendly vet just signed the form when a animal died ,no problem ,this policy lasted 4-5 years the insurance company stopped the policy ,they were losing too much money .

The way Thai's rear cattle ,they are always dying ,lets see how long it lasts , if I remember right 15 years ago they were a similar  idea ,that died a death after a couple of years .

 

I wondered would they be covered by lightning strikes as by all accounts it is not an uncommon occurrence for herds of cattle to get struck by lightning .. 9 were killed in Ireland last summer after a bolt from the heavens and apparently 6 were killed in Aus' 2 yrs ago in similar circumstances .. 

Edited June 23, 2021 by Justgrazing
Sp