Launching of Social Security Scheme was a ‘Helicopter Shot’ of PM Modi

Prime Minister Narendra Modi on Saturday launched three ambitious social security schemes, relating to the insurance and pension sector and intended at widening the process of financial inclusion. 

These schemes, comprising of "Pradhan Mantri Suraksha Bima Yojana" (accident insurance), "Pradhan Mantri Jeevan Jyoti Yojana" (life insurance) and "Atal Pension Yojana” had to be brought out, owing to the failure  the Jan-Dhan Yozna’s collection  and too many criticism was being expressed by the different section of the financial expert, in this regard.

We have, earlier, heard about ‘Helicopter Shot’ in the game of Cricket, where the Batsman hit the ball in such way that fielders had to gaze in the sky to ascertain the direction of the ball. In the case of accident insurance and life insurance are somewhat like ‘Helicopter Shot’, where the common will be forced to look in the blank, when the victim will go for the claim.

In the recent past, when the farmers got their crops damaged, due to unseasoned rain and hails storms, many of the farmers who have insured their crops could not get their claim, due to unwillingness by the Insurance Company and the matter of nonpayment by the Insurance Company, also appeared in the press media, the Modi Govt did not intervene in to the lapse of the Insurance Company.

Before Marketing or launching of the social schemes, the Modi Govt. did not bother to highlight the salient features of the schemes in the print media and no statuary warning or detail elaborations are being issued to the would be buyers of such schemes, but during the launching of the schemes an audio visual film was then shown highlighting salient features of the three schemes, which primarily being missed by the majority section of Indian people.

Still now, it is not known to the host of print media’s that actually which Ministry is going to deal with such schemes, in case of nonpayment or delay payment to the policy holders. It is being observed, in general, that the victim had to face numerous hassles to get their genuine claim amount, after any tragedy occurs, from the Government concerned insurance organizations.

By the time of payment, the Insurance Company usually complicate with technical complications to the needy policy holders and later on, declare their policy, as null and void, by placing some technical errors by the Insurance Company.

If this type of complication happens with the regular Insurance Company, then imagine, what shall happen with victims, by the officials of the concerned ministry? This hulla-bol of PM Modi is nothing, but a white wash to the failure of the Modi govt. for not making proper payment to the farmers of their compensation amount and several thousand of suicidal deaths of the farmers.