Kerala government has launched a new official website for MSME Insurance Scheme 2024 at msmeinsurance.industry.kerala.gov.in. You can discover a transformative opportunity to safeguard your enterprise with a focus on the Bharat Sookshma/ Laghu Udyam Suraksha Policy.
Kerala MSME insurance scheme 2024 aims at providing financial protection to MSMEs against unforeseen risks. The risks includes natural disasters, fire, theft, accidents, and market fluctuations, leaving them vulnerable to significant financial losses with detrimental impact on their businesses.
An exclusive msme insurance scheme offers a remarkable benefit of 50% annual premium reimbursement, capped at an impressive Rs. 2500 per MSME. Read this article till the end to know how to apply online at msme insurance portal.
Kerala MSME Insurance Policy Eligibility Criteria
To benefit from this scheme, the applicants must meet the following criteria:-
- Be registered as an MSME in Kerala with valid UDYAM registration.
- Have obtained the Bharat Sookshma/ Laghu Udyam Suraksha Policy from any of the four PSU insurance providers through full payment of the premium.
- All MSMEs in the manufacturing or service or trade sector will be eligible.
Collaborating Partners in MSME Insurance Scheme Kerala
The Government of Kerala's has done strategic collaboration with four leading PSU insurance providers:-
- National Insurance Company Limited (NICL),
- New India Assurance Company Limited (NIACL),
- Oriental Insurance Company Limited (OICL), and
- United India Insurance Company Limited (UIICL)
This collaboration of Kerala govt. would ensure that your business receives the utmost support.
Kerala MSME Insurance Scheme 2024 - How to Apply Online
- If the applicant MSME has not taken Insurance Policy yet, there is a provision in the portal to intimate its willingness to the four Insurance companies.
- The Insurance Companies will upload their premium amounts to the applicant through the portal. The applicant can choose the most suitable quote through the portal. Hence the MSME can enjoy the best premium amount through this MSME insurance scheme.
- MSMEs shall purchase the insurance policy by paying the full annual premium from any one of the four public sector insurance firms that are part of the msme insurance in Kerala.
- After purchasing the policy, MSME shall submit the application for reimbursement to the District Industries Centre concerned through the online portal; Along with the application, UDYAM registration certificate of the unit, insurance policy document and receipt of premium paid should also be submitted as supporting documents
- DIC shall calculate and reimburse the eligible assistance amount to the bank account of the MSME unit (50% of the annual premium paid or Rs. 2500, whichever is lower).
msmeinsurance.industry.kerala.gov.in Portal Registration
- First of all, go to official website http://msmeinsurance.industry.kerala.gov.in/index.php/public
- On homepage, click at "Apply" button or simply click http://msmeinsurance.industry.kerala.gov.in/index.php/insurance
- Then Kerala MSME Insurance portal login page will open.
- Existing users can enter mobile number, password, captcha and click "Login" button.
- New users can click "Registration" tab to open Kerala MSME insurance scheme online registration form.
- Enter name, mobile number, email address, password, OTP and click "Request OTP" button.
- Validate OTP and click "Register" button to complete Kerala msme insurance scheme online registration form.
Benefits under Kerala MSME Insurance Scheme
The multitude of risks faced by MSMEs includes natural disasters, fire, theft, accidents, and market fluctuations, leaving them vulnerable to significant financial losses. These losses can have long-lasting consequences on the sustainability of the business. However, with adequate insurance coverage, MSMEs can protect themselves against unforeseen risks and recover quickly from any losses.By providing financial protection, insurance coverage instills confidence in MSMEs, allowing them to take calculated risks and expand their businesses. Thus, the insurance scheme shall enable the MSMEs to thrive in a competitive business environment.
If you wish to know other aspects regarding Kerala MSME insurance scheme, then click the link - https://industry.kerala.gov.in/index.php/schemes-mainmenu/msme-insurance-scheme
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Kerala