Tihar inmates to get life insurance cover under Jan Dhan Yojna

Inmates will come under accidental insurance cover of Rs 1 lakh and a life insurance cover of Rs 30,000 even while serving their sentence

Press Trust of India New Delhi
Last Updated : Dec 21 2014 | 12:34 PM IST

Don't want to miss the best from Business Standard?

Inmates of Delhi's high-security Tihar jail will soon get life and accidental insurance cover as the prison administration, in collaboration with Indian Bank, has decided to get their accounts opened under the Jan Dhan Yojna.

As per the scheme, the inmates will come under accidental insurance cover of Rs 1 lakh and a life insurance cover of Rs 30,000 even while serving their sentence.

Jan Dhan Yojna, launched by Prime Minister Narendra Modi on 28 August, aims at providing access to banking facilities to all the citizens of the country.

Also Read

As many as 4,500 convicted inmates will be made beneficiaries of the scheme with the help of Indian Bank, which also provides banking facility to officials and staff on the jail premises.

Starting Monday, bank staff will visit all the jails in Tihar and will meet the convicts in person to assist them avail the scheme. The documentation and the form filling will be taken care by the bank staff within the jail premises.

"Over 4,500 inmates will benefit from Jan Dhan Yojna. The convicts will be the first ones to avail the service. We have requested Indian Bank to help us in the matter as it has been providing banking facility to the jail staff here," DIG (Prisons) Mukesh Prasad told PTI.

"Under this, the inmates will also get accidental cover of Rs 1 lakh and life insurance up to Rs 30,000 if anything happens during their term of sentence here. But those cases will be scrutinised by the jail administration for fair issuance of money," he said.

T M Bhasin, Chairman and Managing Director of Indian Bank, said a drive in this regard will begin on December 22 and that they aim to complete it by the month end.

"We'll initially deal with all Aadhar Card holders for whom it would be easy to complete the formalities. Others will avail the service if the jail provides their identification proof and other necessary documents. The inmates will get their New Year's gift. The scheme will be very helpful for the inmates...," said Bhasin.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 21 2014 | 12:18 PM IST

Next Story