In Jammu & Kashmir tourists will get an insurance cover. This new came as great surprise and relief for Jammu and Kashmir’s tourism industry. It is a first-of-its-kind initiative in the country, the state government has decided to provide the industry an insurance cover, envisaging compensation for the losses due to the ‘ongoing’ uncertainty in the state. Officials of the state said the scheme will be on the pattern of the crop insurance scheme.
Nawang Rigzin Jora, tourism Minister of the state said, “We are starting an insurance scheme for the people associated with the tourism industry to compensate them for the losses suffered due to the militancy. This is the first of its kind insurance scheme in the country and we are finalising the modalities for it.”
Premium for the insurance scheme will be decided by the government after consulting some insurance agencies and the recurring yearly loss will be paid by the insurance agencies to the businessmen in the tourism sector. Any shortfall in the projected business shown by the people associated with tourism trade will be compensated by the insurance agencies.
(source - indianexpress)
