India - 4 months on; farmers, traders yet to get insurance claims

16.11.2015 262 views
Four months have been passed since farmers and traders have not received the claim of insurance for their yield which got destroyed at the warehouse of MP Ware Housing and Logistics Corporation in the month of July 2015. Traders and farmers met branch manager and demanded quick payment of their insurance claim, on Saturday. The grain stored at godown number 12 of MP Ware Housing and Logistics Corporation branch Ujjain got wet due to excessive rainfall held on July 18. Gram and soybean crop worth rupees lakhs got destroyed due to the heavy rainfall. Farmers and traders have not received the payment of insurance claim since four months. Though, insurance company had sold the damaged crop. Grain merchant Manoj Jaiswal told that 3000 gunny bags full of soybean worth Rs 1.20 crore were stored at the warehouse. 1200 gunny bags got destroyed due to rainfall. It caused loss of Rs 50 lakh. Traders met branch manager SK Solanki and demanded the insurance claim on Saturday. They told that Rs 2 lakh had been deposited at the account of Warehouse before storing the crop. The amount consisted of the insurance claim as well. According to the rules the company should pay within 8 days, but four months have been passed. Company had sold the wet grain. 1030 quintal of soybean and 85 quintal gram got destroyed. They cost Rs 46.81 lakh. The payment has to be made to 12 traders and farmers. Source - http://www.freepressjournal.in
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