Those having signed up for the scheme include ICICI Lombard, Bajaj Allianz, Reliance General, Universal Sompo, Iffco-Tokio and Future Generali, but players like SBI General, HDFC Ergo, Liberty Videocon and some others have openly expressed their decision to keep away.
"Only six private sector general insurers have confirmed their participation in the Prime Minister's Surakhsa Bima Yojana (PMSBY) so far," a Finance Ministry official said.
The scheme provides an accident cover of Rs 2 lakh for all savings bank account holders in the 18-70 age group for a premium of as low as Re 1 a month or Rs 12 per annum.
The scheme was initially slated to close by May 31, but it is now likely to be extended till August 31, Finance Ministry sources said.
A total 28 non-life insurers are registered with the sector regulator IRDAI (Insurance Regulatory and Development Authority of India), a majority of which are private players.
The public sector entities include New India Assurance, National Insurance Company, Oriental Insurance Company, United India Insurance and Agriculture Insurance Company of India.

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