Page 14 - RMAI BULLETIN Oct - Dec 2019

RMAI BULLETIN OCTOBER TO DECEMBER 2019

design of the Scheme Insurer would be issuing a frequently). it should be possible to mail the
Master Policy for the Bank against which system Certificate in PDF form to the beneficiary as
generated Certificate-cum-Receipts would be soon as it is generated. Moreover an SMS
issued for those joining the scheme and for confirmation with Certificate reference number
whom the premium is received by transfer into wouldbesenttothebeneficiary.
Insurer’saccount.
Similarly the same action is required for Pradhan
b. Premium of Rs.12 will be auto-debited from Mantri Jeevan Jyoti Bima Yojana (PMJJBY) & Atal
Bank A/C holder and deposited in the said
Pension Yojana (APY) Yojana as the premium amount is
pooling bank A/C on a daily basis. UTR number
always debited to Insured’s Bank account and the claim
willbemaintainedintherecord
amount is credited to the selected Bank Account of the
c. Commission to Agent/ Banking Correspondent diseasedfamily.
(Re. 1/-) and Operating expenditure of Bank (Re.
1/-) will be deducted from this pooling bank Subsequently huge initiatives are taken by a
account through a direct debit based on the coordinated efforts of Central & State Governments in
number of A/C holder covered in the daily respect of the Fasal Bima Yojana (PMFBY) implemented
PMSBYprocessing. withthefollowingobjectives:-
1. To provide insurance coverage and financial
d. Bank will transfer the remaining premium
support to the farmers in the event of failure of any
amount (Rs. 10/-) to the central A/C of the
ofthenotifiedcropasaresultofnaturalcalamities,
InsuranceCompany.
pests&diseases.
e. Insurance Company will identify a Nodal Office 2. To stabilize the income of farmers to ensure their
for accounting the PMSBY premium and continuanceinfarming.
associatedpolicyservicing.
3. To encourage farmers to adopt innovative and
f. Certificate of Insurance will be issued by the modernagriculturalpractices.
participating bank in the form of receipt.
4. Toensureflowofcredittotheagriculturesector.
Insurance Company will not issue any document
forPMSBY.
The Scheme shall be implemented through a multi-
g. Standard MIS report formats will be circulated agency framework by selected insurance companies
which will cater to the reporting requirements under the overall guidance & control of the
oftheconcernedBank Department of Agriculture, Cooperation & Farmers
Welfare (DAC&FW), Ministry of Agriculture & Farmers
h. Bank Documentation in respect of Enrolment -
cum-Consent Form, Proposal Form, and Claim Welfare (MOA & FW), Government of India (GOI) and
the concerned State in co-ordination with various
form is in the process of being finalized based on
other agencies; viz Financial Institutions like
the drafts suggested by Indian Bank
Commercial Banks, Co-operative Banks, Regional Rural
Associations(IBA).
Banks and their regulatory bodies, Government
i. FrequentlyAskedQuestions(FAQ)canbehosted Departments viz. Agriculture, Co-operation,
onthewebsiteofBankaswellasInsurer. Horticulture, Statistics, Revenue, Information/Science
& Technology, Panchayati Raj etc. DAC&FW has
j. Certificate would be immediately available in e-
designated/empanelled Agriculture Insurance
form to the bank - preferably in PDF format.
Company of India (AIC) and some private insurance
These need not be signed as these are computer companies presently to participate in the Government
generated. The Bank’s Banking Correspondents sponsored agriculture /crop insurance schemes based
if equipped with Printers for A-4 size printing, on their financial strength, infrastructure, manpower
then Certificates shall be made immediately andexpertiseetc.
available to them for printing for all transactions
donebythatBC. E-mailidandMobilenumberis Recently ‘Ayushman Bharat Scheme’, National Health
captured in the data (as now-a-days rural / Protection Mission was launched on 15th August,
backward community people are using Mobile 2018.

12