Agriculture World

Future Generali India Insurance Company Limited Settles Rs 276 crore of PMFBY Claims

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

 

Text Wrapping Break] 

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

 

 



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