Crop insurance claim rejection shot up 900% between FY18 and FY20
3 years, 10 months ago

Crop insurance claim rejection shot up 900% between FY18 and FY20

The Hindu  

The number of farmers’ crop insurance claims that were rejected by insurance companies under the Centre’s flagship Pradhan Mantri Fasal Bima Yojana multiplied 10 times in just two years, according to data provided by Agriculture Minister Narendra Singh Tomar in response to a question in the Rajya Sabha on Friday. The question came from Manas Ranjan Bhunia, Trinamool Congress MP, who asked whether farmers were denied crop insurance claims by insurance companies, the details of cases reported from different States in those particular years, and the steps the government was taking in this regard. Farmers informed such crop losses to the insurance company concerned, the State government or financial institutions, and their claims were assessed by a joint committee with representatives from the State government and the insurance company. “Therefore, insurance companies can reject some of these claims on various grounds like late intimation of claims, denial of claims to non-insured farmers or non-insured crops, non-occurrence of the risk etc,” said Mr. Tomar.

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History of this topic

Premium payment deadline looms, 92 per cent of samba paddy cultivation in Thanjavur yet to be insured
1 month, 2 weeks ago

Premium payment deadline looms, 92 per cent of samba paddy cultivation in Thanjavur yet to be insured

New Indian Express  

THANJAVUR: The cut-off date for farmers to pay premium is hardly 10 days away but only about 8% of the acreage under which samba and thalady paddy cultivation has been undertaken in the district has been insured so far, official data revealed. While last year’s coverage under the Pradhan Mantri Fasal Bima Yojana stood at more than 90%, a section …

Pay crop insurance premium: Jagan to NDA govt
4 months, 1 week ago

Pay crop insurance premium: Jagan to NDA govt

New Indian Express  

VIJAYAWADA: Emphasising that farmers’ welfare is crucial for the State’s welfare, YSRC president and former Chief Minister YS Jagan Mohan Reddy has demanded that the State government release the promised funds for investment support, including the Rythu Bharosa amounts and crop insurance premiums, to ensure timely payouts for the 2023-24 season. Taking to the social media platform X, Jagan said, …

Crop insurance: Farmers intensify protests in Tamil Nadu's Ramnad
1 year, 2 months ago

Crop insurance: Farmers intensify protests in Tamil Nadu's Ramnad

New Indian Express  

RAMANATHAPURAM: Farmers intensified their protest in the district seeking proper distribution of insurance coverage for crop damages. They claimed the private insurance firm has failed to provide adequate funds for crop damage and requested the district administration to take action towards allowing government firms to insure the crop. Official sources stated that as per the reports, all farmers were provided …

Increase in farm insurance enrolments for two years in row
1 year, 2 months ago

Increase in farm insurance enrolments for two years in row

Hindustan Times  

The number of farmers opting for the central government’s flagship farm insurance scheme has recorded a jump for two years in a row, along with an improvement in other indicators, a review by the agriculture ministry showed, pointing to a rebound in a welfare programme that has long been hobbled by large inefficiencies. A latest review of the Pradhan Mantri …

'Crop Insurance Not Like Commercial Policy' : Supreme Court Affirms Direction To Insurer To Compensate Farmers For Harvesting Loss
2 years, 3 months ago

'Crop Insurance Not Like Commercial Policy' : Supreme Court Affirms Direction To Insurer To Compensate Farmers For Harvesting Loss

Live Law  

The Supreme Court bench comprising Chief Justice U.U. Lalit and Justice Ravindra Bhat, on Monday, 5th September 2022, upheld the Bombay High Court's order directing Bajaj Allianz General Insurance to compensate, under the Pradhan Mantri Fasal Bima Yojana, 3,57,287 farmers in the Osmanabad District of Maharashtra for post harvesting losses caused to Soya bean Crop in the Kharif Season 2020. …

Crop loss is human problem, can't use corporate conditions for farmers, observes SC
2 years, 3 months ago

Crop loss is human problem, can't use corporate conditions for farmers, observes SC

India Today  

The Supreme Court on Monday upheld a Bombay High Court order which directed an insurance company to pay the farmers who lost their crop due to floods resulting from cloudbursts. The bench directed insurance giant Bajaj Allianz to pay the insured amount to the farmers without insisting on the condition that intimation of damage must be given within 72 hours. …

Crop Insurance Claims at Rs 9,570 Cr for 2020-21 Lower by Over 60% from Previous Year
3 years, 1 month ago

Crop Insurance Claims at Rs 9,570 Cr for 2020-21 Lower by Over 60% from Previous Year

News 18  

There has been more than 60 per cent decline in the crop insurance claims of farmers at Rs 9,570 crore under the Pradhan Mantri Fasal Bima Yojana for the 2020-21 crop year from the previous year as there were no major crop losses, according to official data. Crop insurance claims stood at Rs 27,398 crore in the 2019-20 crop year. …

Maharashtra: Over 7 lakh farmers call insurance firms to inform about crop damages due to excessive rain
3 years, 3 months ago

Maharashtra: Over 7 lakh farmers call insurance firms to inform about crop damages due to excessive rain

India TV News  

More than seven lakh farmers in Maharashtra have called up insurance companies during the current monsoon season to inform about crop damage due to excessive rainfall, officials said. Besides crop damage, the farmers also informed about washing away of their farm soil, damages caused to cattle sheds and other issues, he said. The number of such calls from farmers jumped …

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