Under the “Beed formula” or under PMFBY, if the total claims are less than 80% of the total collected premium, the insurance company will retain 20% of the gross premium and the remaining amount is to be refunded to the State For the full story, visit the source.
PoliticsUttar Pradesh
Amid super El Nino threat, which PMFBY crop insurance model suits farmers?
Under the “Beed formula” or under PMFBY, if the total claims are less than 80% of the total collected premium, the insurance company will retain 20% of the gross premium and the remaining amount is to be refunded to the State
By Prabhudatta Mishra· BusinessLine· 4 months ago· 2 min read
This summary is sourced from BusinessLine. Read the full article at:BusinessLine