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Bharti AXA Gen bags Rs 800cr crop insurance mandate from Maha, K'taka under PMFBY
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New Delhi, July 24 (TIWN) Leading non-life insurer Bharti AXA General Insurance has received Rs 800 crore worth crop insurance mandate from the Governments of Maharashtra and Karnataka to insure their farmers under the Pradhan Mantri Fasal Bima Yojana (PMFBY).
The company has secured authorization for a period of three years from both the state governments to implement the PMFBY in six districts of Maharashtra and three districts of Karnataka. Farmers in the districts of Ahmednagar, Nashik, Chandrapur, Solapur, Jalgaon and Satara in Maharashtra and Dharwad, Mysuru and Kodagu in Karnataka can insure their Kharif crops till July 31 through their respective banks or authorized representatives of the company.
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