Amaravati: Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy disbursed Rs 254 crore to 12,039 eligible households under the YSR Bima scheme (insurance coverage).
He transferred this quantity on Wednesday (March 31) to these eligible individuals whose names couldn’t be enrolled within the financial institution earlier than their demise. The households of these breadwinners who used to work within the unorganized sector slip into monetary turmoil following their premature demise.
“The CM during his padayatra (marathon walkathon) met many such citizens facing major issues due to lack of insurance coverage. After coming to power, the CM decided to launch the scheme on 21st October 2020, bearing 100 per cent of the premium cost,” mentioned an official.
In the primary launch of insurance coverage premium, the federal government rolled out Rs 510 crore for 1.41 crore eligible households.
Meanwhile, the Government of India (GoI) withdrew the insurance coverage protection scheme in March 2020, prompting the state authorities to proceed to fund the insurance coverage scheme.
The Andhra Pradesh authorities is bearing the complete value of an insurance coverage premium which is freed from value for the eligible beneficiaries.
In an earlier assessment assembly on the scheme, Reddy directed officers to offer a sum of Rs 10,000 as quick reduction to the deceased individual’s household by means of the village secretariats.
Under YSR Bima, the pure demise of a breadwinner within the age bracket of 19-50 years will entitle his household to a compensation of Rs 2 lakh and in case of unintentional demise or everlasting whole incapacity within the age bracket of 18-70 years a sum of Rs 5 lakh compensation might be given.
In the age bracket of 51-70 years, a compensation of Rs 3 lakh and everlasting partial incapacity within the age bracket of 18-70 years, a compensation of Rs 1.5 lakh might be given.
The chief minister instructed officers to give you sensible options to points being raised under the scheme akin to financial institution accounts not being opened for all eligible beneficiaries and others. He mentioned {that a} toll-free quantity, 155214, has additionally been arrange.
