Udayavni Special

FM Sitharaman meets heads of insurers; stresses on faster claim settlement


PTI, Jun 6, 2021, 9:58 AM IST

New Delhi: Finance Minister Nirmala Sitharaman on Saturday reviewed the progress made under the Pradhan Mantri Garib Kalyan Package (PMGKP) insurance scheme for health workers fighting Covid-19 and asked insurers to accelerate the disbursement of pending claims under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY).

During a virtual meeting with the heads of insurance companies, she stressed on the importance of streamlining the process and documentation requirements under the schemes so that the claims are disbursed speedily, an official statement said. The finance minister observed that under the PMGKP scheme, a total of 419 claims have been paid as on date, amounting to Rs 209.5 crore disbursed in the account of their nominees.

To address the issue of delays arising out of states sending documents, Sitharaman said that a new system has been put in place whereby a simple certificate from the District Magistrate (DM) and endorsed by the nodal state health authority will be sufficient to process these claims. She also appreciated the efforts of New India Assurance Co which has been entrusted to manage the scheme and cited the example of Ladakh where a claim was settled within four hours of receiving the District Magistrate (DM) certificate and urged to maintain a similar approach in future.

The finance minister also directed the states to take up Covid claims of health workers on priority and make maximum use of this simplified mechanism that has been put in place. A total of 4.65 lakh claims have been paid amounting to Rs 9,307 crore under PMJJBY. Since the beginning of the pandemic that is April 2020 onwards till date, 1.2 lakh claims have been paid amounting to Rs 2,403 crore, at a disposal rate of 99 per cent.

The finance minister also took stock of the disposal of claims made under Pradhan Mantri Surksha Bima Yojana (PMSBY) scheme. A total of 82,660 claims have been paid settled amounting to Rs 1,629 crore as of May 31, 2021. Appreciating the recent efforts made by insurance companies and banks in speedy processing of claims, she said that insurance company officials should continue being sympathetic while providing services to nominees of deceased policy holders, especially during pandemic period.

She also appreciated the initiatives taken recently to facilitate claims processing under PMJJBY and PMSBY during the pandemic including processing of claims by insurers within 7 days instead of 30, end-to-end digitization of the claim settlement process between banks and insurance companies and claim documents transmission via email/App.

Public sector insurance companies are going to implement API-based App for claim transmission by June 2021 and rationalised forms and simplified claims process being issued shortly, an official statement said, adding attending doctor’s certificate or certificate issued by DM/authorized officer, in lieu of death certificate to be considered for the faster settlement of claim.

These claim amounts provide much-needed financial relief to nominees who have lost near and dear ones, and the government’s steps will enhance the ease and speediness of this process, it added. PMJJBY and PMSBY were launched in 2015 to provide life and accidental insurance covers respectively of Rs 2 lakh each to all beneficiaries enrolled under the schemes through their bank with annual premium of only Rs 330 and Rs 12, respectively.

The objective is to ensure that more and more persons working in the unorganised segment get the much-needed financial security of Rs 4 lakh by enrolling themselves under PMJJBY and PMSBY at a premium of less than Rs 1 per day. Through the government’s financial inclusion programme, while over 42 crore bank-accounts have been opened under Pradhan Mantri Jan Dhan Yojana (PMJDY), cumulative enrolments under PMJJBY and PMSBY are 10 crore and 23 crore respectively, it said.

With Jan Dhan-Aadhaar-mobile linking, the beneficiaries of different government schemes are receiving the government support directly in their bank-accounts, it added.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Assess if physical classes can be held for students of classes 10 and 12 in COVID-free villages: Maha CM

2 more Cong MLAs back Siddaramaiah as CM candidate in next assembly election

Complete pending road works soon: Udupi DC Jagadeesh directs NH officials

B’luru-based firm launches helpline for COVID related legal queries

‘Jal Jeevan Mission’: Govt to provide tap water connection to 25 lakh rural households this year

Sitharaman meets Infosys officials, reviews tech glitches on new I-T e-filing portal

SC refuses to interfere with CBSE, CISCE assessment scheme for evaluating Class 12 students



Related Articles More

Eccentric Engine to provide interactive digital experience for Citroen’s new SUV

Sensex ends flat, retreats from 53K mark on profit-booking

NCLT clears Jalan-Kalrock Consortium’s resolution plan for Jet Airways

I-T dept functionality to identify ‘specified persons’ on whom higher TDS will be levied from Jul 1

Govt proposes ban on mis-selling, fraudulent flash sales on e-commerce platforms

MUST WATCH

Karnataka Covid-19 Unlock

Jayalaxmi Silks Udyavara | Premium Chiffon Sarees

Massive Landslide in Chorla Ghat

Forest Department personnel responsible for cattle smuggling

All shops permitted to open from June 23 in Dakshina Kannada: Kota Poojary

Latest Additions

Assess if physical classes can be held for students of classes 10 and 12 in COVID-free villages: Maha CM

West Bengal budget session to begin from July 2

2 more Cong MLAs back Siddaramaiah as CM candidate in next assembly election

Complete pending road works soon: Udupi DC Jagadeesh directs NH officials

Power lunch: Adityanath, RSS leaders meet at Dy CM Maurya’s home

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.