Financial Daily from THE HINDU group of publications
Wednesday, Apr 13, 2005
Financial Daily from THE HINDU group of publications Wednesday, Apr 13, 2005 |
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Money & Banking
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Life Insurance Agri-Biz & Commodities - Life Insurance ICICI Lombard, Maharashtra Govt pact to insure farmers Our Bureau
Mumbai , April 12 ICICI Lombard General Insurance Company has in association with the Government of Maharashtra insured farmers aggregating nearly Rs 1 crore under the personal accident insurance policy. The State Government has sanctioned a total of Rs 6.48 crore as premium. As per this scheme, in case of the death of a farmer due to any accident the family members would receive Rs 1 lakh and in case of disability the compensation to family member would range from Rs 50,000 to Rs 1 lakh. Farmers who are in the age group of 15 to 70 years and hold 7/12 land extract and 8-A extract are eligible for this scheme. The scheme was operational for 3 months from January 10, 2005 to April 9, 2005 on an experimental basis. However, this has been extended to April 9, 2006. The Mandhardevi pilgrimage tragedy in the Satara district was covered under this scheme and as on March 2005 reportedly 35 claims were admitted and paid under this scheme.
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