-The Hindu Business Line The main grouse that States have with PMFBY is that while premiums are distributed evenly across participants, claims are cornered by a few Six years after its launch and post multiple overhauls, Pradhan Mantri Fasal Bima Yojana (PMFBY), India’s flagship scheme for crop insurance, has largely failed to deliver on its objectives. An expert committee steered by Ashok Dalwai recently submitted a report showing that, between 2016 and...

-The Hindu Child Rights Commission tells SC that 1.47 lakh children lost a parent during the pandemic The Supreme Court is worried for children, some as young as six year old, whose parents suddenly died of COVID-19, leaving behind unpaid debts, mortgages, loans and Insurance premiums. The National Commission for Protection of Child Rights (NCPCR) has so far identified 1,47,773 children who have lost one parent and another 10,600 who have become orphans...

-The Hindu The reduction of out-of-pocket expenditure that the NHA highlights is essentially due to a decline in utilisation of care Low public spending on health in India has meant that people depend heavily on their own means to access health care. It causes rich-poor, rural-urban, gender and caste-based divides in access to health care, pushes people to poverty, and forces them to incur debt or sell assets. As a result, our...

-Livemint.com In the Apr-Sep period, health insurance leaped ahead of motor insurance to lead the non-life insurance segment in India for the first time. For a business that thrives on medical uncertainty, the covid-19 pandemic has provided a shot in the arm for the health insurance industry in India. The prospect of hospitalisation due to covid-19, and high medical costs in private hospitals have driven more Indians to sign up for private...

-TheWire.in In 2018, farmers, who had been denied insurance claims after the Agriculture Insurance Company of India refunded their premiums, filed a PIL before the Rajasthan high court. Jaipur: After almost three years of legal battle against a public sector insurance company and a state-run co-operative bank that arbitrarily denied them insurance claims under the Pradhan Mantri Fasal Bima Yojana (PMFBY), farmers in Rajasthan’s Jodhpur have finally received their share of claims...