
IRDA rejects risk pool proposal for crop insurance
Saturday, December 14, 2019, 1:47 PM
IRDA has asked the govt to continue with the scheme for at least seven years to assess the results before making any change. Under the proposed risk pool format, it is proposed to create a government-owned agency that will have the mandate to fix crop premiums and payouts. The participating insurance companies would be restricted only to administrative functioning against a fixed charge.
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