Future Generali India Insurance Company Limited (FGII), the general insurance arm of the joint venture between retail game-changers Future Group and global insurer Generali, has settled INR 276 crores of Pradhan Mantri Fasal Bima Yojana (PMFBY) claims during the lockdown period.
The company has paid PMFBY claims in districts of Karnataka (Belagavi, Chamrajnagar, Bagalkote, Raichur, Ramnagar, Tumkur, Yadgir), Rajasthan (Ajmer, Kota, Sawai Madhopur, Jaipur, Pali, Pratapgargh) and Maharashtra (Ahmednagar, Buldana, Nanded, Satara, Yavatmal). The claim amount has benefitted 1,64,917 loanee farmers & 85,460 non-loanee farmers in 19 districts of these 3 states. Out of which, 38,928 female farmers received claims amounting to Rs. 44.32 cr via Direct Beneficiary Transfer.
Mr. Anup Rau, MD & CEO, Future Generali India Insurance Company said, “Shortage of labour force and breakdown in supply chains has left many farmers struggling to sell their crops. In these testing times, we at Future Generali India Insurance fast-tracked our settlement process which benefitted more than 2.5 lakh farmers so far”
Pradhan Mantri Fasal Bima Yojana (PMFBY) offers to start to end insurance cover against losses of crops during the entire cycle from preparation of sowing to harvesting and post-harvest due to poor yield.
PMFBY Claims Paid in Lockdown Period |
|||
State/Season |
Benefited Farmers |
Paid Claim Amount ( Rs. Cr) |
|
Karnataka |
79525 |
92.11 |
|
Rajasthan |
142255 |
159.62 |
|
Maharashtra |
28597 |
23.96 |
|
Grand Total |
250377 |
275.69 |
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Karnataka |
Belagavi, Chamrajnagar, Bagalkote, Raichur, Ramnagar, Tumkur & Yadgir |
Rajasthan |
Ajmer, Kota, Sawai Madhopur, Jaipur, Pali, Pratapgargh |
Maharashtra |
Ahmednagar, Buldana, Nanded, Satara, Yavatmal |
Summary of PMFBY Claims Paid in Lockdown |
|
Total Claim Paid during Lockdown |
275.69 crores |
Number of Benefited farmers |
250377 |
Loanee Farmer |
164917 |
Non loanee Farmer |
85460 |
Female Benefited Farmer Count |
38928 |
Male Benefited Farmer Count |
211116 |
Others Benefited Farmer Count |
333 |