News From Press PMSBY: Non-life players looking at widening coverage this year

PMSBY: Non-life players looking at widening coverage this year

Source: Business Standard/PTI Jun 6, 2016

Non-life insurers are bullish about Pradhan Mantri Suraksha Bima Yojana (PMSBY) and have drawn up ambitious plans to bring in more people under the scheme whose claim ratio has shot up to around 100 per cent.

Insurers said the scheme has helped them create awareness about insurance and reach out to more people with a readily available database.

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