Reliance Gen Ins not paying PMFBY claims for Kharif 2021: Top Maha official

Insurer wants premium subsidy released to settle losses, says its commitments to reinsurers and subsequent claim recoveries have been impacted

In a letter to the central government, Maharashtra’s Agriculture Commissioner has alleged that Reliance General Insurance has not paid claims under the Pradhan Mantri Fasal Bima Yojana (PMFBY) for Kharif 2021 season despite receiving the first instalment of premium while all other insurance companies have started have started depositing the loacalised calamity and mid-season adversity claims amount in the affected farmers’ bank accounts.

“In 2021, the Insurance companies have already received an amount of Rs 2,312.22 crore premium amount. Accordingly, all the insurance companies except Reliance General Insurance Company have started depositing the localised calamity and mid-season adversity claims amount