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
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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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According to the annual report of the Insurance Regulatory and Development Authority of India (IRDAI), as much as Rs 11,905.89 crore was collected by 11 private sector insurers as premium, but they faced insurance claims of only Rs..."/>
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    <h1 class="cat-box-title">Private insurers set to make Rs 3000 crore profit from crop cover, PSUs in loss -George Mathew</h1>
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                            <div align="justify">-The Indian Express<br /><br /><em>According to the annual report of the Insurance Regulatory and Development Authority of India (IRDAI), as much as Rs 11,905.89 crore was collected by 11 private sector insurers as premium, but they faced insurance claims of only Rs 8,831.78 crore. <br /><br />Mumbai: </em>ELEVEN private insurers are set to register profits of over Rs 3,000 crore cumulatively from crop insurance business for the year-ending March 2018 as against the Rs 4,085-crore losses incurred by state-owned insurers, raising questions about allocation of business. Premiums collected by private insurers from the government were higher than the claims made by farmers for crop losses due to floods, earthquakes or shortfall of rain during the year.<br /><br />According to the annual report of the Insurance Regulatory and Development Authority of India (IRDAI), as much as Rs 11,905.89 crore was collected by 11 private sector insurers as premium, but they faced insurance claims of only Rs 8,831.78 crore.<br /><br />Five PSU insurers collected Rs 13,411.1 crore in premium from the government and farmers, but farmers made claims of Rs 17,496.64 crore due to crop losses. Among PSU insurers, Agriculture Insurance Company of India Ltd (AIC) accounted for the bulk of the losses.<br /></div><div align="justify">&nbsp;</div><div align="justify"><img src="https://im4change.in/siteadmin/tinymce/uploaded/Table Crop Insurance.jpg" alt="Table Crop Insurance" width="567" height="351" /> <br /></div><div align="justify">&nbsp;</div><div align="justify">The central and state governments pay 98 per cent of the premium, and farmers contribute just 2 per cent.<br /><br />Please <a href="https://indianexpress.com/article/business/private-insurers-set-to-make-rs-3000-crore-profit-from-crop-cover-psus-in-loss-5542095/?fbclid=IwAR3GffIZCVqtKTEMD4p2vqlchDKUHikfctS8meY37PEnALeQ1a9jqdUocM4" title="https://indianexpress.com/article/business/private-insurers-set-to-make-rs-3000-crore-profit-from-crop-cover-psus-in-loss-5542095/?fbclid=IwAR3GffIZCVqtKTEMD4p2vqlchDKUHikfctS8meY37PEnALeQ1a9jqdUocM4">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://indianexpress.com/article/business/private-insurers-set-to-make-rs-3000-crore-profit-from-crop-cover-psus-in-loss-5542095/?fbclid=IwAR3GffIZCVqtKTEMD4p2vq" class="re" target="_blank">The Indian Express, 17 January, 2019, https://indianexpress.com/article/business/private-insurers-set-to-make-rs-3000-crore-profit-from-crop-cover-psus-in-loss-5542095/?fbclid=IwAR3GffIZCVqtKTEMD4p2vq</a><div class="clear"></div>
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    <h1 class="cat-box-title">Private insurers set to make Rs 3000 crore profit from crop cover, PSUs in loss -George Mathew</h1>
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                            <div align="justify">-The Indian Express<br /><br /><em>According to the annual report of the Insurance Regulatory and Development Authority of India (IRDAI), as much as Rs 11,905.89 crore was collected by 11 private sector insurers as premium, but they faced insurance claims of only Rs 8,831.78 crore. <br /><br />Mumbai: </em>ELEVEN private insurers are set to register profits of over Rs 3,000 crore cumulatively from crop insurance business for the year-ending March 2018 as against the Rs 4,085-crore losses incurred by state-owned insurers, raising questions about allocation of business. Premiums collected by private insurers from the government were higher than the claims made by farmers for crop losses due to floods, earthquakes or shortfall of rain during the year.<br /><br />According to the annual report of the Insurance Regulatory and Development Authority of India (IRDAI), as much as Rs 11,905.89 crore was collected by 11 private sector insurers as premium, but they faced insurance claims of only Rs 8,831.78 crore.<br /><br />Five PSU insurers collected Rs 13,411.1 crore in premium from the government and farmers, but farmers made claims of Rs 17,496.64 crore due to crop losses. Among PSU insurers, Agriculture Insurance Company of India Ltd (AIC) accounted for the bulk of the losses.<br /></div><div align="justify">&nbsp;</div><div align="justify"><img src="https://im4change.in/siteadmin/tinymce/uploaded/Table Crop Insurance.jpg" alt="Table Crop Insurance" width="567" height="351" /> <br /></div><div align="justify">&nbsp;</div><div align="justify">The central and state governments pay 98 per cent of the premium, and farmers contribute just 2 per cent.<br /><br />Please <a href="https://indianexpress.com/article/business/private-insurers-set-to-make-rs-3000-crore-profit-from-crop-cover-psus-in-loss-5542095/?fbclid=IwAR3GffIZCVqtKTEMD4p2vqlchDKUHikfctS8meY37PEnALeQ1a9jqdUocM4" title="https://indianexpress.com/article/business/private-insurers-set-to-make-rs-3000-crore-profit-from-crop-cover-psus-in-loss-5542095/?fbclid=IwAR3GffIZCVqtKTEMD4p2vqlchDKUHikfctS8meY37PEnALeQ1a9jqdUocM4">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://indianexpress.com/article/business/private-insurers-set-to-make-rs-3000-crore-profit-from-crop-cover-psus-in-loss-5542095/?fbclid=IwAR3GffIZCVqtKTEMD4p2vq" class="re" target="_blank">The Indian Express, 17 January, 2019, https://indianexpress.com/article/business/private-insurers-set-to-make-rs-3000-crore-profit-from-crop-cover-psus-in-loss-5542095/?fbclid=IwAR3GffIZCVqtKTEMD4p2vq</a><div class="clear"></div>
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    <h1 class="cat-box-title">Private insurers set to make Rs 3000 crore profit from crop cover, PSUs in loss -George Mathew</h1>
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                            <div align="justify">-The Indian Express<br /><br /><em>According to the annual report of the Insurance Regulatory and Development Authority of India (IRDAI), as much as Rs 11,905.89 crore was collected by 11 private sector insurers as premium, but they faced insurance claims of only Rs 8,831.78 crore. <br /><br />Mumbai: </em>ELEVEN private insurers are set to register profits of over Rs 3,000 crore cumulatively from crop insurance business for the year-ending March 2018 as against the Rs 4,085-crore losses incurred by state-owned insurers, raising questions about allocation of business. Premiums collected by private insurers from the government were higher than the claims made by farmers for crop losses due to floods, earthquakes or shortfall of rain during the year.<br /><br />According to the annual report of the Insurance Regulatory and Development Authority of India (IRDAI), as much as Rs 11,905.89 crore was collected by 11 private sector insurers as premium, but they faced insurance claims of only Rs 8,831.78 crore.<br /><br />Five PSU insurers collected Rs 13,411.1 crore in premium from the government and farmers, but farmers made claims of Rs 17,496.64 crore due to crop losses. Among PSU insurers, Agriculture Insurance Company of India Ltd (AIC) accounted for the bulk of the losses.<br /></div><div align="justify">&nbsp;</div><div align="justify"><img src="https://im4change.in/siteadmin/tinymce/uploaded/Table Crop Insurance.jpg" alt="Table Crop Insurance" width="567" height="351" /> <br /></div><div align="justify">&nbsp;</div><div align="justify">The central and state governments pay 98 per cent of the premium, and farmers contribute just 2 per cent.<br /><br />Please <a href="https://indianexpress.com/article/business/private-insurers-set-to-make-rs-3000-crore-profit-from-crop-cover-psus-in-loss-5542095/?fbclid=IwAR3GffIZCVqtKTEMD4p2vqlchDKUHikfctS8meY37PEnALeQ1a9jqdUocM4" title="https://indianexpress.com/article/business/private-insurers-set-to-make-rs-3000-crore-profit-from-crop-cover-psus-in-loss-5542095/?fbclid=IwAR3GffIZCVqtKTEMD4p2vqlchDKUHikfctS8meY37PEnALeQ1a9jqdUocM4">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://indianexpress.com/article/business/private-insurers-set-to-make-rs-3000-crore-profit-from-crop-cover-psus-in-loss-5542095/?fbclid=IwAR3GffIZCVqtKTEMD4p2vq" class="re" target="_blank">The Indian Express, 17 January, 2019, https://indianexpress.com/article/business/private-insurers-set-to-make-rs-3000-crore-profit-from-crop-cover-psus-in-loss-5542095/?fbclid=IwAR3GffIZCVqtKTEMD4p2vq</a><div class="clear"></div>
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Home हिन्दी

Private insurers set to make Rs 3000 crore profit from crop cover, PSUs in loss -George Mathew

Published on Jan 18, 2019   Modified on Jan 18, 2019

-The Indian Express According to the annual report of the Insurance Regulatory and Development Authority of India (IRDAI), as much as Rs 11,905.89 crore was collected by 11 private sector insurers as premium, but they faced insurance claims of only Rs 8,831.78 crore. Mumbai: ELEVEN private insurers are set to register profits of over Rs 3,000 crore cumulatively from crop insurance business for the year-ending March 2018 as against the Rs 4,085-crore losses incurred by state-owned insurers, raising questions about allocation of business. Premiums collected by private insurers from the government were higher than the claims made by farmers for crop losses due to floods, earthquakes or shortfall of rain during the year. According to the annual report of the Insurance Regulatory and Development Authority of India (IRDAI), as much as Rs 11,905.89 crore was collected by 11 private sector insurers as premium, but they faced insurance claims of only Rs 8,831.78 crore. Five PSU insurers collected Rs 13,411.1 crore in premium from the government and farmers, but farmers made claims of Rs 17,496.64 crore due to crop losses. Among PSU insurers, Agriculture Insurance Company of India Ltd (AIC) accounted for the bulk of the losses.     The central and state governments pay 98 per cent of the premium, and farmers contribute just 2 per cent. Please click here to read more.

The Indian Express, 17 January, 2019, https://indianexpress.com/article/business/private-insurers-set-to-make-rs-3000-crore-profit-from-crop-cover-psus-in-loss-5542095/?fbclid=IwAR3GffIZCVqtKTEMD4p2vq

Tagged with: Pradhan Mantri Fasal Bima Yojana Pradhan Mantri Fasal Bima Yojana (PMFBY) Crop Insurance

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