BHUBANESWAR: Expressing concern over delay and non-settlement of crop loss claims under Pradhan Mantri Fasal Bima Yojana (PMFBY), the state government on Wednesday asked the insurance companies to settle all claims on top priority.
Chairing the first meeting of state level insurance committee (SLIC) here on Wednesday, development commissioner Anu Garg urged it to function as a tripartite institutional mechanism involving the Insurance Regulatory Development Authority of India (IRDAI), state government and the insurance companies to set a gold standard in the insurance sector like the state level bankers’ committee (SLBC) in the banking sector.
