The government’s New Accident and Life Insurance covers have already received more than 300 claims in nearly three months since its inception.
The official data reads out that the Pradhan Mantri Suraksha Bima Yojana (PMBSY) which provides an accident insurance cover has received 76 claims, while the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), which is a life insurance scheme, has got 288 claims.
Prime Minister Narendra Modi had launched the two insurance schemes along with the Atal Pension Yojana on May 9 this year to improve social security and insurance coverage in the country.
Finance ministry data reveals that 27 claims under PMSBY have already been cleared by the insurers while more than 100 claims of life insurance under the PMJJBY have also been paid by the insurance company. Officials however, point out that given the high number of enrollment for the schemes, the claims have not been very high.
“A large number of people have signed up for these schemes that provide insurance cover at very affordable rates. Insurers do the required due diligence while processing the claims”, said an official.
