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This scheme was launched in the year 2003-2004 to give life security to the persons living below poverty line to give them life security. Under this scheme, persons living in the BPL families in the age group of 18-60 years are covered. Under this scheme, an amount of Rs. 200/- is paid premium per beneficiary. 50% premium will paid by the State Govt. and 50% by the Central Govt. Under this scheme, in the case of natural death of the insured member, an amount of Rs. 20,000/- , death due to accident Rs. 50,000/- and in the case of partial disability Rs. 25,000/- and in case of complete disability due to accident Rs. 50,000/- will be provided. The children belonging to these insured members and studying in the class 9th, 10th, 11th, 12th will be given scholarship @ Rs. 300/- per quarter.
An amount of Rs. 50.00 lac is earmarked for the financial year, 2006-07 under this scheme.
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