You are here: Home » Specials » Metro
Business Standard

Insurance cover for all in Kalghatagi constituency

BS Reporter  |  Chennai/ Dharwad 

In a novel way to enhance welfare of people in his constituency, Congress MLA from has has secured insurance cover for his entire constituency under the mass insurance scheme.

This free group insurance scheme covers all adults and children with life insurance. A total of 200,000 people from Kalghatgi constituency will benefit, Lad said on Wednesday. the beneficiaries include 82,496 male, 72,473 female and 40,717 children. The sum assured of the mass insurance would be a whopping Rs 1,803 crore and a yearly premium of Rs 37 lakh would be paid by the S Lad Education and Charitable Trust.

At the time of the death of the beneficiary, the legal heirs of male beneficiary would get Rs 1.50 lakh, while the heirs of female and children covered under the scheme would get Rs 50,000 each. A special life insurance would also be given during natural calamities and accidents (including snake bite compensation to the tune of Rs 50,000 to Rs 1.50 lakh.

This mass insurance scheme has been tendered to the National Insurance Company, recognised by the Government of India.

said, this is an effort to help the family members of victims who meet with untimely death following road accidents or natural calamities.

The members have been enrolled according to the voter’s list and information of the children has been collected through the Education Department.

Answering a query, Lad stated that recently in a road mishap, seven people were killed and several others injured. The grief-stricken family members of the deceased had sought help to manage the family. Hence, after holding several rounds of talks with the leaders of the constituency, the insurance scheme was floated.

This is not a political gimmick, but an attempt to help the people of the constituency, he added.

First Published: Thu, October 04 2012. 00:21 IST