LIC has so far settled 300 claims under the mega farmer insurance scheme, Rythu Bandhu.
Under the scheme, LIC provides a life cover of Rs. 5 lakh for 27.90 lakh farmers. The premium is entirely paid by the State Government.
“LIC has starting receiving claims under this scheme and settled about 300 claims in less than 72 hours after the claim was made,” TC Suseel Kumar, Zonal Manager, South Central Zone of LIC, said in a press conference held here on Friday on the occasion of its 62nd anniversary.
