IFFCO-TOKIO disburses Rs 13 lakh in crop insurance: Haryana

Chandigarh, Dec 13 (UNI) IFFCO-TOKIO General Insurance Co Ltd today announced claim disbursement worth Rs 13 lakh for its recently launched Barish Bima Yojana (BBY) for the farmers of Haryana.

BBY provides insurance cover to farmers against damage to crop due to deficiency in rainfall.

The claim settlement ratio has been 203 per cent for a total premium of approximately Rs 6.5 lakh. The claims have been made to 42 farmers in the districts of Hisar, Jhajjar, Rohtak, Sonepat and Mahendergarh in Haryana.

The claim cheques were distributed at a function organised by the company in Kishan Vigyan Bhavam Rohtak. Mr N C Wadhwa, IAS, Commissioner Rohtak Division was the chief guest.

The policy received an overwhelming response from the farmers, when it was launched by ITGI in seven districts of Haryana during the Kharif season of 2006.

Referring to the success of the policy, Mr N K Kedia, Executive Director, IFFCO-TOKIO General Insurance Co Ltd, said, ''We are delighted to announce the success of the Barish Bima Yojana in the state of Haryana. Our endeavour is to protect the farmers of the country against unforeseen risks and the achievement of the policy in the state is a proof of the same.'' He said ITGI with its ''unmatched products and service excellence'' would use this accomplishment to introduce the policy in more regions of the country'', he added.

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