22 September 2021 Insurance Claim/Money Rejected >> Insurance  

The Mukhyamanti Kisan Evam Sarvhit Beema Yojna (MKE SBY) is an insurance scheme designed to aid farmers and their families. But what happens if you need to file a claim? A recent court case sheds light on the claim filing period for this scheme, but there's a crucial twist.

Background:

According to the policy wording, there's a one-month window to file a claim after the insurance coverage expires. This means if your insurance lapses, you generally have one additional month to submit your claim. However, a recent court judgement (Gautam Yadav vs. State of U.P. and others) proposed a more extended deadline. This judgement suggested a three-year limitation period for filing MKE SBY claims.

Conclusion:

While the three-year window seems beneficial, it's important to note that the Supreme Court has stayed the judgement in the Gautam Yadav case. This means the three-year limitation period is currently not in effect. As of now, the one-month condonation period mentioned in the policy seems to be the prevailing guideline. However, this is a single court case, and the final say lies with the Supreme Court.