Maharashtra Crop Insurance Premiums 45% Higher Than Payouts in 8 Years

Maharashtra Crop Insurance Premiums 45% Higher Than Payouts in 8 Years: PMFBY Analysis

Maharashtra Crop Insurance Premiums 45% Higher Than Payouts in 8 Years: Between 2016-17 and 2023-24, the state of Maharashtra witnessed an alarming trend in its agricultural insurance statistics. Despite enduring multiple climate-induced calamities such as droughts, floods, and unseasonal rains, the total insurance premiums paid to companies under the Pradhan Mantri Fasal Bima Yojana (PMFBY)…

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Marrying Tech and Traditional Insurance

Marrying Tech and Traditional Insurance: A Formidable Partnership

Marrying Tech and Traditional Insurance: Over two centuries ago, the Oriental Life Insurance Company marked the inception of life insurance in India. Established in Kolkata, it initially served the European community, but its legacy laid the groundwork for a deeply personal and relationship-driven approach to financial security. In those formative years, insurance was not just…

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Insurance Penetration Rises, but Indians Still Financially Exposed

Insurance Penetration Rises, but Indians Still Financially Exposed: Suraksha Kavach Report 2025

Insurance Penetration Rises, but Indians Still Financially Exposed: India’s insurance landscape has undoubtedly evolved, with awareness and policy uptake on the rise. Yet, a new report—Suraksha Kavach Report 2025 by BajajCapital Insurance Broking Ltd.—uncovers a sobering contradiction. Despite increasing insurance penetration, a large majority of Indians remain financially vulnerable during real-world emergencies. While digital tools,…

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