News From Press Government’s insurance schemes likely to see hike in premium in FY19

Government’s insurance schemes likely to see hike in premium in FY19

Source: Moneycontrol Jan 4, 2018

The government’s insurance schemes, Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana are likely to see an upward revision in premiums in the upcoming financial year.

“We have requested the officials to look into our proposal to slightly tweak the premiums. This is because claims have been high," said a senior private sector life insurance official.

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