Sri Lanka reintroduces cow and goat insurance
Posted by ONLANKA Newsroom on April 10, 2025 - 12:28 pm
AI generated image
The Agricultural and Agrarian Insurance Board has taken steps to reactivate the insurance scheme for cows and goats.
Chairman Pemasiri Jasingarachchi stated that the decision was made with the aim of encouraging farmers to engage in animal husbandry.
Under the scheme, an annual premium of 3% to 4% of the current market value is charged for cows, while for goats, the annual premium is 7% of the market value.
The Agricultural and Agrarian Insurance Board further stated that compensation will be provided in the event of an animal’s death or total disability.
Latest Headlines in Sri Lanka
- Sri Lanka to set up authority to restore Central Highlands April 30, 2026
- Sri Lanka to launch Colombo Electric Train project next year April 29, 2026
- Eran Wickramaratne appointed to head Sri Lanka Cricket Interim Committee April 29, 2026
- Sri Lanka Cricket President Shammi Silva and Executive Committee resign April 29, 2026
- Travel bans imposed on five officials over USD 2.5 Million Treasury fraud case April 29, 2026