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States allowed to set up crop insurance firms to execute PMFBY

Apr 2, 2018

The move comes after several requests from states as well as observations made by Comptroller and Auditor General (CAG) in its 2017 report that old crop insurances schemes which have now been merged with PMFBY, were poorly implemented during 2011-2016.

General Insurance industry likely to hit Rs1.5 trn prm kitty in 2017-18

Apr 1, 2018

 “Yes, the industry may achieve the magical figure of Rs 1.5 trillion for the year gone by. Even though crop has remained subdued during the year , still it will be one of the three major segments along with motor and health contributing  to the industry’s growth,’’ said MN Sharma, CMD, United India Insurance.

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