Old Mutual General Insurance Kenya

Livestock Insurance

Livestock cover

What is this?

It pays out if an insured animal dies. A vet values the animal, and you pay 4% to 9% of that value each year.

What it costs	4% to 9% of what the animal is worth, each year
The least you can pay	KES 3,000 to 5,000, depending on the animals
What you pay on a claim	The first 10% of any loss. For theft, the first 20%
How the animal is valued	A vet's report sets the sum insured
If an animal is stolen	Six weeks for recovery before anything is paid

There are no separate charges. What you pay each month is the price of the cover.

The cover stops at the end of the year you paid for. Nothing comes back.

There is nothing to take out. This is cover, not savings.

It could work for you if

Your animals are your capital, and you want the price and the catches stated before you call anyone.

Think twice if

You cannot carry the first 10% of a loss yourself, or 20% if the animal is stolen.

BTells you most of it

8 of 9 answered

What do they charge you every year?
This kind of charge does not exist on this product.
What is taken off the money you pay in?
This kind of charge does not exist on this product.
What does it cost to get out early?
There is nothing to cash out, so there is no exit charge.
What is the smallest amount you can start with?
KES 3,000.
How long is your money tied up?
Not applicable to this kind of product.
Is the advertised return before or after their charges?
This kind of product does not advertise a return.
Do they warn you the return is not guaranteed?
This kind of product does not advertise a return.
Do they tell you what you get back if you stop early?
You get whatever your money is worth on the day. There is no schedule.
Do they list what is not covered?
Yes, 5 things are listed.
Are all their charges published?
They list no separate charges. What you pay is the price.
Do they say who regulates them?
They do not say who supervises them.

This grades how openly things are explained, not whether the plan is good or bad. See how we work it out.

· This is the only farm cover found that publishes its rate, its minimum, its excesses and its exclusions on a public page.
· Report a loss immediately. A stolen animal waits six weeks for recovery before settlement.
· Old Mutual is supervised by the IRA, though this page does not say so.
· Famine, malnutrition and feed poisoning.
· Impotence and infertility.
· Diseases and deformities the animal already had.
· Death from neglect or poor husbandry.
· Disposing of a carcass before a post-mortem means no payout.

There is 1 other plan of this kind on the board. See all 2 side by side — what each one leaves you with, and which of them will not say.