Page 8 - Life Insurance Today March 2016

Table 3: PMJDY: Karnataka Progress: Shimoga 469 469 100.00%

District Name Alloted WARDs,SSAs Household Tumkur 518 518 100.00%
Coverage-%
Bagalkot WARDs,SSAs Survey,Done 99.98% Udupi 282 282 100.00%
Bangalore 100.00%
Bangalore Rural 429 429 100.00% Uttara Kannada 649 649 100.00%
Belgaum 99.95%
Bellary 350 350 100.00% Yadgir 224 224 100.00%
Bidar 100.00%
Chamarajanagar 295 295 100.00% www.pmjdy.gov.in accessed on 12th December 2015.
Chikkaballapura 100.00%
Chikmagalur 830 830 100.00%
Chitradurga 100.00%
Dakshina Kannada 487 487 100.00% It is noted from table 3 that most of the district have
Davanagere 100.00% achieved cent per cent target with regard to implementa-
Dharwad 276 276 99.67% tion of PMJDY except a few districts.
Gadag 99.80%
Gulbarga 234 234 100.00%
Hassan 100.00%
Haveri 340 340 99.83% Conclusion:
Kodagu 100.00%
Kolar 396 396 100.00% PMJDY is reaching people. This provides accessibility to
Koppal 99.86% unbankable. Government has to consider the problems
Mandya 441 441 100.00% at grass root level in order of effective implementation of
Mysore 100.00% scheme. At grass root, banks are unable to distribute
Raichur 383 383 100.00% RuPay cards to the account holders due to shortage of
Ramanagara 100.00% staff. Even though banks conduct camps in rural areas but
346 346 still they are unable to distribute those cards. Illiterate
people find difficulty in operation of cards though provi-
224 224 sion of operation is made available in vernacular language.
Mere opening of account may not lead inclusion practice.
320 320 Education of banking is required for rural mass.

472 472

476 476

385 385

178 178

356 356 Reference:

369 369 1) www.pmjdy.gov.in

444 444 2) Dr.K. Srinivasrao (2008), Financial Inclusion: Jaking Bank-
ing Services to the Bottom of Pyramid, Banking Finance Vol
434 434 XXX (12).

375 375 3) K.K.Ammannya (2010), Financial Inclusion-Need for a view
approach, Southern Economist 48(19).
268 268

Technology to be revamped in the insurance industry

The insurance sector should gear to match the current requirements of e-commerce and digital solutions, said T.S.
Vijayan, Chairman IRDAI. Speaking at the formal launch of the e-Vahana Bima, electronic motor-insurance policies,
Vijayan said there was need for better recourse to digital solutions available in insurance industry.

The success of low-cost (premium) life and accident insurance policies launched by the Centre last year was an ex-
ample of innovative schemes in insurance, he said. The Common Service Centres (CSC), which are selling low-cost
insurance policies, and insurance repositories should be used more by the industry and people, he added.

Under the e-Vahan Bima, electronic motor insurance policies are issued in digital form with Quick Response (QR)
code. As these policies can be stored and accessed on smart phones, the process of verification will be easier for
commuters as well as the police.

"Always forgive your enemies; nothing annoys them so much."

8 March 2016 Life Insurance Today