Finance Minister Nirmala Sitharaman requested insurance coverage corporations to settle claims quicker
Amid rising claims owing to the ravaging Coronavirus pandemic, Finance Minister Nirmala Sitharaman held a evaluation assembly with heads of insurance coverage corporations, beneath the Pradhan Mantri Garib Kalyan Package (PMGKP) insurance coverage scheme for well being employees preventing the an infection.
According to official sources, she requested insurers to speed up the disbursement of pending claims beneath the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY).
During the assembly which was held nearly, the Finance Minister famous that beneath the PMGKP scheme, a complete of 419 claims have been paid as on date, amounting to Rs 209.5 crore disbursed within the account of their nominees.
To deal with the problem of delays arising out of states sending paperwork, Ms Sitharaman mentioned {that a} new system has been put in place whereby a easy certificates from the District Magistrate (DM) and endorsed by the nodal state well being authority might be adequate to course of these claims.
A complete of 4.65 lakh claims have been paid amounting to Rs 9,307 crore beneath PMJJBY. Since the start of the pandemic that’s April 2020 onwards until date, 1.2 lakh claims have been paid amounting to Rs 2,403 crore, at a disposal fee of 99 per cent.
The Finance Minister additionally took inventory of the disposal of claims made beneath Pradhan Mantri Suraksha Bima Yojana (PMSBY) scheme.
A complete of 82,660 claims have been settled beneath PMSBY amounting to Rs 1,629 crore as of May 31, 2021.
Appreciating the latest efforts made by insurance coverage corporations and banks in speedy processing of claims, she mentioned that insurance coverage firm officers ought to proceed being sympathetic whereas offering providers to nominees of useless coverage holders, particularly throughout pandemic interval.
