Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
$response = object(Cake\Http\Response) {

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        LATEST NEWS UPDATES | Crop insurers made Rs 10,000 crore profit amid agrarian crisis: CSE -Jatin Gandhi    </title>
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-Hindustan Times

The CSE report shows that insurance companies had only settled 32.45% of the claims made till April 2017.

New Delhi: An independent evaluation of the Modi government&rsquo;s much-touted crop insurance scheme has showed that insurers gained nearly Rs 10,000 crore..."/>
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-Hindustan Times

The CSE report shows that insurance companies had only settled 32.45% of the claims made till April 2017.

New Delhi: An independent evaluation of the Modi government&rsquo;s much-touted crop insurance scheme has showed that insurers gained nearly Rs 10,000 crore..." />
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    <h1 class="cat-box-title">Crop insurers made Rs 10,000 crore profit amid agrarian crisis: CSE -Jatin Gandhi</h1>
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                            <div align="justify">-Hindustan Times<br /><br /><em>The CSE report shows that insurance companies had only settled 32.45% of the claims made till April 2017.<br /><br />New Delhi: </em>An independent evaluation of the Modi government&rsquo;s much-touted crop insurance scheme has showed that insurers gained nearly Rs 10,000 crore in gross profit during the last kharif season, from June to November 2016.<br /><br />However, it settled less than a third of the crop-loss claims filed till early this year.<br /><br />The report released on Friday by the Centre for Science and Environment (CSE) showed state-level &ldquo;implementation gaps&rdquo; in the Pradhan Mantri Fasal Bima Yojana (PMFBY), which replaced the previous National Agricultural Insurance Scheme in April 2016. These discrepancies could negate the benefits accorded by the scheme to farmers, the non-profit think tank said.<br /><br />The CSE report cited state-wise data from the ministry of agriculture and farmers welfare to show that insurance companies had only settled 32.45% of the claims made till April 2017.<br /><br />While farmers raised claims for nearly Rs 6,000 crore, they were paid less than Rs 2,000 crore.<br /><br />Citing data from the Insurance Regulatory and Development Authority of India, the CSE pointed out that insurance companies grossed more than Rs 15,891 crore in premiums.<br /><br />The claims amounted to a little over Rs 5,962 crore. Of this, less than a third was paid out. &ldquo;Data released by the IRDAI indicates that the PMFBY played a significant role in the non-life insurance industry in financial year 2016-17,&rdquo; the report added.<br /><br />However, insurance companies contended that the gap between the premium collected and the claims processed will go down as the scheme covers more farmers. &ldquo;Kharif 2016 was a good period for agriculture. There was undoubtedly a surplus this time, but it&rsquo;s like a reserve for the future. Claim settlements are still on,&rdquo; said Ajay Singhal, deputy general manager (crop insurance) at the Agriculture Insurance Company of India.<br /><br />The premium for crop insurance under the government scheme is heavily subsidised, with the Centre and state governments pitching in to share subsidy costs. However, the think tank&rsquo;s findings suggested that state governments &ndash; in several instances &ndash; wanted to keep their outflows low.<br /><br />Please <a href="http://www.hindustantimes.com/india-news/crop-insurers-made-rs-10-000-crore-profit-amid-agrarian-crisis-cse/story-8lL12Lu4Si75gSmEJ1g8YJ.html" title="http://www.hindustantimes.com/india-news/crop-insurers-made-rs-10-000-crore-profit-amid-agrarian-crisis-cse/story-8lL12Lu4Si75gSmEJ1g8YJ.html">click here</a> to read more. </div><div align="justify">&nbsp;</div>                                                           
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    <h1 class="cat-box-title">Crop insurers made Rs 10,000 crore profit amid agrarian crisis: CSE -Jatin Gandhi</h1>
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                            <div align="justify">-Hindustan Times<br /><br /><em>The CSE report shows that insurance companies had only settled 32.45% of the claims made till April 2017.<br /><br />New Delhi: </em>An independent evaluation of the Modi government&rsquo;s much-touted crop insurance scheme has showed that insurers gained nearly Rs 10,000 crore in gross profit during the last kharif season, from June to November 2016.<br /><br />However, it settled less than a third of the crop-loss claims filed till early this year.<br /><br />The report released on Friday by the Centre for Science and Environment (CSE) showed state-level &ldquo;implementation gaps&rdquo; in the Pradhan Mantri Fasal Bima Yojana (PMFBY), which replaced the previous National Agricultural Insurance Scheme in April 2016. These discrepancies could negate the benefits accorded by the scheme to farmers, the non-profit think tank said.<br /><br />The CSE report cited state-wise data from the ministry of agriculture and farmers welfare to show that insurance companies had only settled 32.45% of the claims made till April 2017.<br /><br />While farmers raised claims for nearly Rs 6,000 crore, they were paid less than Rs 2,000 crore.<br /><br />Citing data from the Insurance Regulatory and Development Authority of India, the CSE pointed out that insurance companies grossed more than Rs 15,891 crore in premiums.<br /><br />The claims amounted to a little over Rs 5,962 crore. Of this, less than a third was paid out. &ldquo;Data released by the IRDAI indicates that the PMFBY played a significant role in the non-life insurance industry in financial year 2016-17,&rdquo; the report added.<br /><br />However, insurance companies contended that the gap between the premium collected and the claims processed will go down as the scheme covers more farmers. &ldquo;Kharif 2016 was a good period for agriculture. There was undoubtedly a surplus this time, but it&rsquo;s like a reserve for the future. Claim settlements are still on,&rdquo; said Ajay Singhal, deputy general manager (crop insurance) at the Agriculture Insurance Company of India.<br /><br />The premium for crop insurance under the government scheme is heavily subsidised, with the Centre and state governments pitching in to share subsidy costs. However, the think tank&rsquo;s findings suggested that state governments &ndash; in several instances &ndash; wanted to keep their outflows low.<br /><br />Please <a href="http://www.hindustantimes.com/india-news/crop-insurers-made-rs-10-000-crore-profit-amid-agrarian-crisis-cse/story-8lL12Lu4Si75gSmEJ1g8YJ.html" title="http://www.hindustantimes.com/india-news/crop-insurers-made-rs-10-000-crore-profit-amid-agrarian-crisis-cse/story-8lL12Lu4Si75gSmEJ1g8YJ.html">click here</a> to read more. </div><div align="justify">&nbsp;</div>                                                           
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    <br><a href="http://www.hindustantimes.com/india-news/crop-insurers-made-rs-10-000-crore-profit-amid-agrarian-crisis-cse/story-8lL12Lu4Si75gSmEJ1g8YJ.html" class="re" target="_blank">Hindustan Times, 22 July, 2017, http://www.hindustantimes.com/india-news/crop-insurers-made-rs-10-000-crore-profit-amid-agrarian-crisis-cse/story-8lL12Lu4Si75gSmEJ1g8YJ.html</a><div class="clear"></div>
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        LATEST NEWS UPDATES | Crop insurers made Rs 10,000 crore profit amid agrarian crisis: CSE -Jatin Gandhi    </title>
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The CSE report shows that insurance companies had only settled 32.45% of the claims made till April 2017.

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                            <div align="justify">-Hindustan Times<br /><br /><em>The CSE report shows that insurance companies had only settled 32.45% of the claims made till April 2017.<br /><br />New Delhi: </em>An independent evaluation of the Modi government&rsquo;s much-touted crop insurance scheme has showed that insurers gained nearly Rs 10,000 crore in gross profit during the last kharif season, from June to November 2016.<br /><br />However, it settled less than a third of the crop-loss claims filed till early this year.<br /><br />The report released on Friday by the Centre for Science and Environment (CSE) showed state-level &ldquo;implementation gaps&rdquo; in the Pradhan Mantri Fasal Bima Yojana (PMFBY), which replaced the previous National Agricultural Insurance Scheme in April 2016. These discrepancies could negate the benefits accorded by the scheme to farmers, the non-profit think tank said.<br /><br />The CSE report cited state-wise data from the ministry of agriculture and farmers welfare to show that insurance companies had only settled 32.45% of the claims made till April 2017.<br /><br />While farmers raised claims for nearly Rs 6,000 crore, they were paid less than Rs 2,000 crore.<br /><br />Citing data from the Insurance Regulatory and Development Authority of India, the CSE pointed out that insurance companies grossed more than Rs 15,891 crore in premiums.<br /><br />The claims amounted to a little over Rs 5,962 crore. Of this, less than a third was paid out. &ldquo;Data released by the IRDAI indicates that the PMFBY played a significant role in the non-life insurance industry in financial year 2016-17,&rdquo; the report added.<br /><br />However, insurance companies contended that the gap between the premium collected and the claims processed will go down as the scheme covers more farmers. &ldquo;Kharif 2016 was a good period for agriculture. There was undoubtedly a surplus this time, but it&rsquo;s like a reserve for the future. Claim settlements are still on,&rdquo; said Ajay Singhal, deputy general manager (crop insurance) at the Agriculture Insurance Company of India.<br /><br />The premium for crop insurance under the government scheme is heavily subsidised, with the Centre and state governments pitching in to share subsidy costs. However, the think tank&rsquo;s findings suggested that state governments &ndash; in several instances &ndash; wanted to keep their outflows low.<br /><br />Please <a href="http://www.hindustantimes.com/india-news/crop-insurers-made-rs-10-000-crore-profit-amid-agrarian-crisis-cse/story-8lL12Lu4Si75gSmEJ1g8YJ.html" title="http://www.hindustantimes.com/india-news/crop-insurers-made-rs-10-000-crore-profit-amid-agrarian-crisis-cse/story-8lL12Lu4Si75gSmEJ1g8YJ.html">click here</a> to read more. </div><div align="justify">&nbsp;</div>                                                           
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Home हिन्दी

Crop insurers made Rs 10,000 crore profit amid agrarian crisis: CSE -Jatin Gandhi

Published on Jul 24, 2017   Modified on Jul 24, 2017

-Hindustan Times The CSE report shows that insurance companies had only settled 32.45% of the claims made till April 2017. New Delhi: An independent evaluation of the Modi government’s much-touted crop insurance scheme has showed that insurers gained nearly Rs 10,000 crore in gross profit during the last kharif season, from June to November 2016. However, it settled less than a third of the crop-loss claims filed till early this year. The report released on Friday by the Centre for Science and Environment (CSE) showed state-level “implementation gaps” in the Pradhan Mantri Fasal Bima Yojana (PMFBY), which replaced the previous National Agricultural Insurance Scheme in April 2016. These discrepancies could negate the benefits accorded by the scheme to farmers, the non-profit think tank said. The CSE report cited state-wise data from the ministry of agriculture and farmers welfare to show that insurance companies had only settled 32.45% of the claims made till April 2017. While farmers raised claims for nearly Rs 6,000 crore, they were paid less than Rs 2,000 crore. Citing data from the Insurance Regulatory and Development Authority of India, the CSE pointed out that insurance companies grossed more than Rs 15,891 crore in premiums. The claims amounted to a little over Rs 5,962 crore. Of this, less than a third was paid out. “Data released by the IRDAI indicates that the PMFBY played a significant role in the non-life insurance industry in financial year 2016-17,” the report added. However, insurance companies contended that the gap between the premium collected and the claims processed will go down as the scheme covers more farmers. “Kharif 2016 was a good period for agriculture. There was undoubtedly a surplus this time, but it’s like a reserve for the future. Claim settlements are still on,” said Ajay Singhal, deputy general manager (crop insurance) at the Agriculture Insurance Company of India. The premium for crop insurance under the government scheme is heavily subsidised, with the Centre and state governments pitching in to share subsidy costs. However, the think tank’s findings suggested that state governments – in several instances – wanted to keep their outflows low. Please click here to read more.

Hindustan Times, 22 July, 2017, http://www.hindustantimes.com/india-news/crop-insurers-made-rs-10-000-crore-profit-amid-agrarian-crisis-cse/story-8lL12Lu4Si75gSmEJ1g8YJ.html

Tagged with: Centre for Science and Environment Centre for Science and Environment (CSE) crop damage Crop Failure Crop Insurance Pradhan Mantri Fasal Bima Yojana Pradhan Mantri Fasal Bima Yojana (PMFBY)

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