(ia)[ the amount of any premium paid by a federal milk co-operative society to effect or to keep in force an insurance on the life of the cattle owned by a member of a co-operative society, being a primary society engaged in supplying milk raised by its members to such federal milk co-operative society;] [ Inserted by Act 21 of 1979, Section 6 (w.e.f. 1.4.1980).]