Future Generali India Insurance settles INR 276 crores PMFBY claims in 19 districts during the lockdown

The claim amount benefits 1,64,917 loanee farmers and 85,460 non-loanee farmers

Hyderabad, May 19, 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/Season
Benefited Farmers
Paid Claim Amount ( Rs. Cr)
Karnataka
79525
92.11
Rajasthan
142255
159.62
Maharashtra
28597
23.96
Grand Total
250377
275.69


StateDistricts where the claim is paid
Karnataka
Belagavi, Chamrajnagar, Bagalkote, Raichur, Ramnagar, Tumkur & Yadgir
Rajasthan
Ajmer, Kota, Sawai Madhopur, Jaipur, Pali, Pratapgargh
Maharashtra
Ahmednagar, Buldana, Nanded, Satara, Yavatmal


Summary of PMFBY Claims Paid in Lockdown
Total Claim Paid during Lockdown
275.69 crores
Number of Benefited farmers
250377
Loanee Farmer
164917
Non loanee Farmer
85460
Female Benefited Farmer Count
38928
Male Benefited Farmer Count
211116
Others Benefited Farmer Count
333
Future Generali India Insurance settles INR 276 crores PMFBY claims in 19 districts during the lockdown  Future Generali India Insurance settles INR 276 crores PMFBY claims in 19 districts during the lockdown Reviewed by Twinkle on 03:05:00 Rating: 5
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