The general insurance sector of the nation of India has been changing completely, and we think that the nation will be seeing some major changes in the sector very soon as the insurance habits of the nation are being changed. The major primary sector and the most influential growth aspect of the economy of India have been agriculture, and this has been seeing some major issues this year as the rainfalls have been abundant and have destroyed some major farms due to tehri untimely nature.
Most of the farms are insured, and this has been done to ensure that the farmer and the agricultural sector should not be failing because if that fails, then the nation fails and completely goes into a breakdown, which will not be good for the nation. The Uttar Pradesh government has decided to distribute insurances to the farmers as they have been suffering some major issues as the private insurance companies have been not performing up to the mark. The private insurers will not be allowed in this allocation, and we think that this is due to the failure of these private insurance firms to settle claims for the farmers.
Now with the government providing insurances, we don't think that there will be any issues in settling the claims for when disaster strikes in UP, and we think that this is the practice all of the state governments should be following. So let's see how this works out in file as it seems to good to be true on paper.
Tags : farmers, governments ,