FGI Insurance Company says it is facing issues in implementation of CMHIS

Kohima: Any policy administrator or insurer would be forced to hike rates to reflect claims outgo: FGI

BY | Friday, 10 January, 2025

In wake of some hospitals in Nagaland suspending services under the Chief Minister Health Insurance Scheme claiming non-payment of dues, the Future Generali India Insurance Company has admitted that it is facing some challenges in the implementation of the health insurance under AB PM-JAY CMHIS in Nagaland.

The company has stated that it is working with the relevant authorities to address those issues in the interest of the sustainability of the scheme and to ensure customers are not at a loss. As lifetime partners to our Customers, we remain firmly committed to service all who have insured with us, it asserted.

FGI mentioned that the Nagaland State Government “too wants to control frauds and ensure that the premiums are viable and don’t put pressure on the state exchequer”.

Any policy administrator or insurer would be forced to hike rates to reflect the claims outgo. Besides the claims paid out, there are significant administrative costs too which are incurred, it added.

Finally, it is the honest taxpayer who will bear the brunt of a system which does not control leakages, FGI Insurance Company stated.

Read more: Services under PM-JAY and CMHIS not suspended: NHPS

 

You cannot copy content of this page