HDFC ERGO pays claim to rain affected farmers.

HDFC ERGO General Insurance today distributed claim cheques to farmers who faced losses due to heavy rainfall in Sonkatchh in Dewas District near Bhopal. The farmers have been covered under Weather Insurance for Soybean crop. Since Sonkatchh was affected by heavy rainfall this year, claim of Rs. 1000 per acre (against a premium of Rs 265 and 352 per acre) was given by the company to the farmers covered under the policy. This was the first year for the company to start it's operation for weather insurance in MP and this year itself the company made a reasonable payout to the affected farmers.

At the event conducted on 24th Novmber, 2011, Mr. Prasad Kulkarni, Associate Vice President - Claims and Mr. Venkatrao Kulkarni, Area Manager- Claims from HDFC ERGO General Insurance Co. Ltd distributed the claim cheques to farmers in Sonkatchh. Mr. Rajendra Singh Baghel, Ex-MLA was the chief guest for this event. Amongst the other key personalities, Mr. Ajay Singh Baghel, Ex- District President BJP & Mr. Narendra Singh Rajput, Member of Jilha Panchayat were also present for this event.

HDFC ERGO General Insurance jointly with CIRM (Center for Insurance & Risk management) & IFPRI (International Food Policy Research Institute) conducted a project during Kharif 2011 in Sonkatchh to insure farmers under Weather Insurance for Soybean crop. This cover was provided to compensate the loss that might occur due to heavy or deficit rainfall. “In line with the activities undergoing in other states; we are planning to intensify our efforts to scale up the index products in Madhya Pradesh”, Mr. Anuj Tyagi, Head – Corporate, Rural & Agri Business, HDFC ERGO General Insurance Co. Ltd.

About HDFC ERGO General Insurance Company Limited

HDFC ERGO General Insurance Company Limited is a 74:26 joint venture between HDFC Limited, India’s premier Housing Finance Institution, and ERGO International AG, the primary insurance entity of Munich Re Group. HDFC ERGO offers complete range of General Insurance products ranging from Motor, Health, Travel, Home and Personal Accident in the retail space and customized products like Property, Marine and Liability Insurance in the corporate space.

HDFC ERGO is the 4th largest private sector general insurance company in India as rated by IRDA. HDFC ERGO has been expanding its presence across the country and is today present across 71 cities with 80 branch offices with an employee base more than 1107 professionals. The company has a wide distribution network comprising of brokers, retail and corporate agents, bancassurance besides its own direct sales force.

HDFC ERGO has been assigned the rating of ‘iAAA’ by ICRA indicating its highest claim paying ability. The company also has ISO certification for its claim services.

Bindi Thakkar – corpcomm@hdfcergo.com
AVP - Corporate Communication & Marketing
HDFC ERGO General Insurance Company Ltd.
6th Floor, Leela Business Park, Andheri Kurla Road, Andheri(East),
Mumbai, Maharashtra, India, 400 059
http://www.hdfcergo.com
Tel No.Phone: 022 - 6638 3600

This release was published on openPR.