Livestock is a second highest agriculture allied activity in rural India, but there are several risks presents related to the livestock, for coping up with the risk insurance is one and only effective way. This study mainly focused on the scope of livestock insurance in the block, apart from that study help to analyse how livestock is playing an effective role in poor peoples life and risk related to that. The study was totally done by sample survey, FGD and PRA (Participatory Rural appraisal) method. 100 samples are selected under which 35 of goat, 35 of cattle and 30 buffalo growers were taken. The sampling has chosen by stratified random sampling. Madhya Pradesh is having the third largest livestock population in India, which clearly indicates that livestock is an important part of people’s life. According to past experience and information water is a very big problem for the people and due lack of irrigation water facilities sometimes crop failure is also occur, due to that the agriculture which is the backbone of rural India is got effected. So, the community focuses on different solution of getting income through livestock. So, the livestock is playing an important role in peoples life so insurance is also important to protect their surviving bread. Highlights: In this study risk, important and scope of livestock insurance is highlighted in a detailed manner.