PM scheme: Insurers seek clarity in dispute resolution

Discrepancies also surfaced on due to technical glitches, with no proper guidelines to address them

With the Pradhan Mantri Fasal Bima Yojna (PMFBY) entering its second year of operation, insurers are seeking more clarity about dispute resolution and the implementing agency. In particular, insurers are concerned about the dispute settlement mechanism with states. 

Last year, in some states, insurers had a tough time in settling claims due to data discrepancy. In Gujarat, despite a good crop, the claim ratio was as high as 200 per cent. According to the insurers, the discrepancy was on account of faulty crop cutting experiment (CCE). “The PMFBY is still to take proper share. There are no clear guidelines as to