UPDATE Maharashtra government files case against Reliance General Insurance

Officials at Maharashtra’s agricultural department said this was for the first time such an FIR was filed against an insurance company in the state.

The state government had earlier informed the Centre that non-payment of claims by the company to many farmers could result in a “law-and-order situation” in the state as five other insurers had paid about 90% of the claims for the 2021 kharif season.

RGICL, part of Anil Ambani’s Reliance Group, has been the implementing agency of the insurance scheme in Parbhani district since 2020. It claimed that non-payment of premium subsidies by the state had led to the current situation.

As per the operational guidelines released by the Centre, applicable premium subsidy needed to be released to settle the losses under the company’s three-year contract of implementing the scheme with the Maharashtra government, RGICL said in response to ET’s ..

The FIR stated that the company was frequently instructed to pay this amount to the farmers.

It added: “In the rabi 2020 season, 55,477 farmers had paid a premium of Rs 10.96 crore. Of these (insured farmers), 12,300 farmers incurred losses against which the company was expected to pay Rs 6.05 crore to the farmers’ account, which was not paid despite frequent reminders.”

The complaint said in the kharif 2021 season, 3,24,356 farmers had informed the company through different m ..

Leave a Reply

Your email address will not be published. Required fields are marked *