Lok Sabha Question No. 649 (UNSTARRED), answered on 2016-11-18
Subject: Insurance Facilities under PMSBY
Ministry: FINANCE
Asked by: MANSHANKAR NINAMA, BHARAT SINGH, RAMESH POKHRIYAL NISHANK

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES

## LOK SABHA

## UNSTARRED QUESTION NO. 649

TO BE ANSWERED ON 18 th  November, 2016/Kartika 27, 1938 (Saka)

Insurance Facilities under PMSBY

†649. SHRI MANSHANKAR NINAMA:              SHRI BHARAT SINGH:

DR. RAMESH POKHRIYAL "NISHANK":

Will the Minister of FINANCE be pleased to state:

- (a) the details of steps taken by the Public Sector Insurance Companies to provide insurance facility in remote, border, hilly, inaccessible and backward areas under the Pradhan Mantri Suraksha Bima Yojana (PMSBY);
- (b) the number of people provided insurance cover under the yojana so far in the country, State/UT and company-wise;
- (c) the percentage of business done by public sector companies in insurance sector in rural areas in comparison to private sector; and
- (d)  the  steps  being  taken  by  the  Government  to  enable  public  sector  insurance  companies  to compete with private sector companies?

## ANSWER

## THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI SANTOSH KUMAR GANGWAR)

- (a)  to  (d):  Pradhan  Mantri  Suraksha  Bima  Yojana  (PMSBY)  provides  accidental  death/disability insurance cover of Rs. 2 Lakhs for an annual premium of Rs.12/-. Any person within the age group of 18-70 years having a bank account can enroll for PMSBY. Banks in remote, border, hilly, inaccessible and  backward  areas  are  enrolling  the  eligible  account  holders  under  PMSBY.  The  Public  Sector General  Insurance  Companies  (PSGICs)  have  made  efforts  in  popularizing  the  PMSBY  Scheme, through  electronic  media,  radio,  posters,  newspapers,  advertisements,  mobile  vans,  etc.  and  by leveraging the vast network of companies' banking partners to reach out to the remote corners of the country.

To  create  awareness  regarding  the  schemes  an  exclusive  website www.jansuraksha.gov.in has been  created,  which  hosts  all  relevant  material  /  information,  including  forms,  rules  etc.  related  to these schemes in English, Hindi and regional languages.

The  State-wise  and  Insurance  company  wise  gross  enrolment  data  under  PMSBY  is  given  in Annexure-1 and Annexure-2 respectively.

The public sector insurance companies' percentage of gross enrolment under PMSBY in rural areas is  90.37%  as  against  of  9.63%  for  private  sector  insurers.  The  PSGICs  extensively  use  different distribution  channels  like  agents,  banking  partners,  banking  correspondents,  common  service centres, etc. to increase market share.

**********

## Annexure-1  referred to in reply to Lok Sabha Un-Starred Question Number 649 for 18.11.2016

|   S. No. | State            |   State-Wise Enrolment under PMSBY As on 31/10/2016 |
|----------|------------------|-----------------------------------------------------|
|        1 | JAMMU & KASHMIR  |                                              528758 |
|        2 | HIMACHAL PRADESH |                                              727607 |
|        3 | PUNJAB           |                                             3075566 |
|        4 | CHANDIGARH       |                                              163186 |
|        5 | UTTARAKHAND      |                                             1116453 |

| 6     | HARYANA                         |   2480164 |
|-------|---------------------------------|-----------|
| 7     | NCT OF DELHI                    |   2986774 |
| 8     | RAJASTHAN                       |   4070841 |
| 9     | UTTAR PRADESH                   |  10005673 |
| 10    | BIHAR                           |   4118957 |
| 11    | SIKKIM                          |     41233 |
| 12    | ARUNACHAL PRADESH               |     47770 |
| 13    | NAGALAND                        |     43404 |
| 14    | MANIPUR                         |     77863 |
| 15    | MIZORAM                         |     63630 |
| 16    | TRIPURA                         |    288630 |
| 17    | MEGHALAYA                       |     56194 |
| 18    | ASSAM                           |   1412556 |
| 19    | WEST BENGAL                     |   5105440 |
| 20    | JHARKHAND                       |   1572833 |
| 21    | ORISSA                          |   3193770 |
| 22    | CHHATTISGARH                    |   4576749 |
| 23    | MADHYA PRADESH                  |   7105208 |
| 24    | GUJARAT                         |   4441455 |
| 25    | DAMAN & DIU                     |     17594 |
| 26    | DADRA & NAGAR HAVELI            |     17998 |
| 27    | MAHARASHTRA                     |   7469127 |
| 28    | ANDHRA PRADESH                  |   7197174 |
| 29    | KARNATAKA                       |   5852698 |
| 30    | GOA                             |    220393 |
| 31    | LAKSHADWEEP                     |      5521 |
| 32    | KERALA                          |   3487279 |
| 33    | TAMIL NADU                      |   6367681 |
| 34    | PUDUCHERRY                      |    158813 |
| 35    | ANDAMAN & NICOBAR ISLANDS       |     23143 |
| 36    | TELANGANA                       |   5534307 |
| 37    | NON-CBS cases reported by Banks |   3873751 |
| Total | Total                           |  97526192 |

## Annexure-2 referred to in reply to Lok Sabha Un-Starred Question Number 649 for 18.11.2016

| Public Sector Insurance Companies   | Public Sector Insurance Companies          | Gross Enrolment under PMSBY as on 31.10.2016   |
|-------------------------------------|--------------------------------------------|------------------------------------------------|
| 1                                   | New India Assurance Co. Ltd.               | 15672249                                       |
| 2                                   | United India Insurance Co. Ltd             | 26188279                                       |
| 3                                   | National Insurance Co Ltd                  | 33133552                                       |
| 4                                   | Oriental Insurance Company Ltd.            | 11058761                                       |
| Total                               | Total                                      | 86052841                                       |
| Private Sector Insurance Companies  | Private Sector Insurance Companies         |                                                |
| 5                                   | Universal Sompo General Insurance Co. Ltd. | 5463658                                        |
| 6                                   | TATA AIG General Insurance Co. Ltd.        | 796189                                         |

| 7           | Cholamandalam General Insurance Co. Ltd   |   113524 |
|-------------|-------------------------------------------|----------|
| 8           | Bajaj Allianz General Insurance Co. Ltd.  |  1186787 |
| 9           | Reliance General Insurance Co. Ltd        |  1095467 |
| 10          | ICICI Lombard General Insurance Co. Ltd.  |  2817726 |
|             | Total                                     | 11473351 |
| Grand Total |                                           | 97526192 |