FM to fulfill insurers for sooner declare settlement

New Delhi, June 4

Finance Minister Nirmala Sitharaman will hold a meeting with heads of public and private sector insurers tomorrow for faster settlement of claims under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) during the pandemic.

Discussions are also likely to be held on simplifying the procedures and documentations needed to settle claims under the schemes in a seamless and time-bound manner, the finance ministry said in a series of tweets. As on May 5, total cumulative enrolment stood at 23.37 crore under PMSBY and 10.33 crore under PMJJBY. — PTI

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