FM launches mediclaim facility for farmers

Finance Minister P Chidambaram calls for greater penetration by the non life insurance sector and higher insurance density

April 25, 2013 10:27 IST | India Infoline News Service
The Union Finance Minister P Chidambaram on Wednesday said that there is a need to take immediate action by the non life insurance sector to increase penetration and coverage of the non life insurance in the country. He said that India is one of the most under insured country in the world as non life insurance sector has a penetration of only 0.7% in the country.

The Finance Minister said that there is a need to increase insurance density in the country as well. The Minister was speaking at a function organized in New Delhi to launch mediclaim facility for the farmers holding Kisan Credit Cards (KCC) issued by Dena Bank. 

He further added that this facility will be available to KCC holder of Dena Bank and his/her spouse and two children under tie up with United India Insurance under Group Health insurance cover. This cashless facility will be available at around 4,200 hospitals all over the country. 

Dena Bank, celebrating its Platinum Jubilee year, has as an initiative under CSR launched a Nobel scheme for its 2,25,000 KCC holder farmer customers covering their family members under mediclaim with maximum cover up to Rs. 30,000. 

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