Fri. Apr 19th, 2024 online news,Hyderabad, May 20 2020: Future Generali India Insurance Company Limited (FGII), the general insurance arm of the joint venture between retail game-changers Future Group and global insurer Generali, has settled INR 276 crores of Pradhan Mantri Fasal Bima Yojana (PMFBY) claims during the lockdown period. The company has paid PMFBY claims in districts of Karnataka (Belagavi, Chamrajnagar, Bagalkote, Raichur, Ramnagar, Tumkur, Yadgir), Rajasthan (Ajmer, Kota, Sawai Madhopur, Jaipur, Pali, Pratapgargh) and Maharashtra (Ahmednagar, Buldana, Nanded, Satara, Yavatmal). The claim amount has benefitted 1,64,917 loanee farmers & 85,460 non-loanee farmers in 19 districts of these 3 states. Out of which, 38,928 female farmers received claims amounting to Rs. 44.32 cr via Direct Beneficiary Transfer.

Mr. Anup Rau, MD & CEO, Future Generali India Insurance Company said, “Shortage of labour force and breakdown in supply chains has left many farmers struggling to sell their crops. In these testing times, we at Future Generali India Insurance fast-tracked our settlement process which benefitted more than 2.5 lakh farmers so far.”Pradhan Mantri Fasal Bima Yojana (PMFBY) offers start to end insurance cover against losses of crops during the entire cycle from preparation of sowing to harvesting and post-harvest due to poor yield.

PMFBY Claims Paid in Lockdown Period
State/SeasonBenefited FarmersPaid Claim Amount ( Rs. Cr)
Grand Total250377275.69
StateDistricts where the claim is paid
KarnatakaBelagavi, Chamrajnagar, Bagalkote, Raichur, Ramnagar, Tumkur & Yadgir
RajasthanAjmer, Kota, Sawai Madhopur, Jaipur, Pali, Pratapgargh
MaharashtraAhmednagar, Buldana, Nanded, Satara, Yavatmal
Summary of PMFBY Claims Paid in Lockdown
Total Claim Paid during Lockdown275.69 crores
Number of Benefited farmers250377
Loanee Farmer164917
Non loanee Farmer85460
Female Benefited Farmer Count38928
Male Benefited Farmer Count211116
Others Benefited Farmer Count333