-The Indian Express "Opposition-ruled Maharashtra, Rajasthan and Chhattisgarh record highest coverage, even as many states, including Gujarat and MP, pull out of Modi government's flagship insurance scheme. Pradhan Mantri Fasal Bima Yojana (PMFBY) has seen a sharp drop in the number of farmers covered and sums insured in the current kharif cropping season. This comes even as many states – Andhra Pradesh, Telangana, Jharkhand, Gujarat and Madhya Pradesh – have exited or...

-The Indian Express The recent tweaks to the Pradhan Mantri Fasal Bima Yojana, including making it 100% voluntary and capping premiums at 30%, are going to be a game-changer. The Centre has recently revamped the Pradhan Mantri Fasal Bima Yojana (PMFBY) that will have far-reaching impact on the implementation of this flagship crop insurance scheme. Launched in the 2016 kharif season, PMFBY makes the insurance companies liable for full risk coverage. Farmers...

-TheWire.in Making crop insurance mandatory for loanee farmers provided an attractive deal for insurance companies. Without this, will the business still be viable? This is the first in a two-part series about the changes made to the Pradhan Mantri Fasal Bima Yojana. On February 19, 2020, the Union Cabinet approved major modifications to the two crop insurance schemes, the Pradhan Mantri Fasal Bima Yojana (PMFBY) and Restructured Weather Based Crop Insurance Scheme (RWBCIS). While...

-The Hindu The first increase in 27 years assumes significance in the wake of the crisis at PMC Bank Mumbai: The government has decided to increase the Insurance cover for bank deposits to ?5 lakh from ?1 lakh, Finance Minister Nirmala Sitharaman said in her Budget speech. This is the first time since 1993 that the deposit Insurance cover has been raised. The Finance Minister assured that there was a robust mechanism in...

-Macroscan.org Data from the recent survey show that health Insurance coverage in India has not expanded at all between 2014 and 2018. Moreover, the benefits of health insurance disproportionately accrue to relatively richer households while the poor are left high and dry. Please click here to read more. ...