l was thinking about how since the time I got involved in crop insurance, I have seen it change as the scheme moved from strength to strength and thought of writing an article on the same. It all started in the year 2007 when I had brief exposure to weather-based Insurance at IFFCO - Tokio in Madhya Pradesh as the Regional Head there. Most of it was collected from individual insured and was settled based on IMD-based weather insurance. The premium collection was a major challenge for us as we used the channels like district cooperative banks, who were our business partners. As I moved back to Delhi with IFFCO- Tokio in 2008, this brief experience was temporarily curtailed.
Cut to 2014, and at Universal Sompo, a decision at the highest level was taken that we will empanel our company as a partner in the crop insurance scheme and offer crop insurance with the Ministry of Agriculture through various states based on the tender. The Ministry of Agriculture, based on the presentation and our inclination to participate in crop insurance, considered us for empanelment. They had empanelled certain insurance companies earlier and USGI joined that list. Agriculture Insurance Corporation (AIC) has been a master at crop insurance since then, but the other Government companies were not implementing crop insurance at this point.
この記事は THE INSURANCE TIMES の July 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は THE INSURANCE TIMES の July 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Health Plans: Is It Wise To Opt For Monthly Payments?
Insurers have started promoting monthly and quarterly premium payment modes in an effort to make health plans affordable for all.
Health Insurance
Health insurance claim assistance platform ClaimBuddy has raised a $5 million investment, marking the successful closure of its Series A funding.
Tele MANAS-A Comprehensive Mental Health Care Service in India: An opportunity for Health Insurance Sector
Dr. Brock Chisholm, the inaugural Director-General of the World Health Organization WHO), made a foresighted statement, in 1954, that true physical health can only exist in the absence of mental health\". After more than 60 years, not much has changed in the situation. There have probably been mental health problems throughout human history, and it can be difficult to identify a single setting that gave rise to these worries.
Union Budget's emphasis on digital transformation in Life Insurance sector and how it impacts on common policy holders
\"The digital revolution sweeping through various industries has now firmly set its sights on insurance, and the life insurance sector in India is no exception.
SS Armistan: Bill of Lading, Agreement, Libel or an Estopple?
\"A bill of lading BL or BoL) is a legal document issued by a carrier transportation company) to a shipper that details the type, quantity, and destination of the goods being carried. A bill of lading also serves as a Shipment receipt when the carrier delivers the goods at a redetermined destination. This document must accompany the shipped products, no matter the form of transportation, and must be signed by an authorized representative from the carrier, shipper, and receiver.\"
How Fuel Cells are shaping the Indian Automobile Industry by Spearheading Green Energy Solutions towards eradicating the risk of scarcity of petro products in Hydrogen based vehicles
Fuel cell technology emerges as a promising solution, offering a cleaner and more efficient energy alternative.
Boeing: Is it Really about Supply Chain?
\"The current woes at Boeing tend to get Iumped under the heading of supply chain’. There are compelling reasons as to why they do. However, there are also good reasons as some astute observers point out as to why three signals which highlight later in this article) should not get buried under the mountain of supply chain noise.\"
The Evolution of Wellness-Linked Insurance Underwriting in India
Amidst the ever-shifting terrain of insurance underwriting, India is witnessing a transformative evolution, particularly in the sphere of health and wellness. Departing from traditional methods reliant on age, gender, and medical history, insurers are embracing innovative approaches that intertwine wellness with underwriting.
Do the Social Media influencers create disturbance in the minds of users, in context of Insurance?
Did you know that according to a survey 72% of young adults rely on social media influencers for financial advice, including insurance?
Insurance Caselaws
Reliance Nippon Life Insurance Co. Ltd. vs Gharohari Devi
