Kudumbashree will provide insurance coverage to NHG members in the state through the Jeevan Deepam Oruma Insurance Scheme, which provides excellent insurance coverage at an annual premium of Rs. 200. The scheme is being implemented jointly by the Kerala State Insurance Department, Kudumbashree and Life Insurance Corporation of India. A campaign has been launched to enroll policyholders in connection with the scheme. The period is till 30 April 2025.
H Dineshan IAS, Executive Director, Kudumbashree, Bushara S. Deepa, Joint Director, Kerala State Insurance Department and S. Raj Kumar, Divisional Manager, LIC Pension Group Scheme signed the MoU of the project for the period of 2025-26. The project will be valid from 1 April 2025 to 31 March 2026.
The project was launched in the financial year 2020-21. In case of accidental death or death of any member of the NHG, financial assistance will be provided through the Insurance Scheme. People between the ages of 18 and 74 can join the scheme. If a member of the NHG between the ages of 18 and 50 dies naturally, the beneficiary will get Rs 2 lakhs as per the policy. If a policyholder dies between the ages of 51-60, the beneficiary will get Rs 80,000. If a policy holder dies between the age of 61-70 the beneficiary will get Rs 30,000. If a policy holder dies between the age of 71-74 the beneficiary will get Rs 25,000. If an accidental death occurs, an additional Rs 30,000 will be received as an accident benefit.
Earlier, if a member of the NHG took out a linkage loan and died, the other members would have to take over the loan liability of that person. However, with the insurance coverage, this situation will be avoided. The loan amount available to the deceased person will be transferred to the bank account of the NHG from the insurance amount available to the deceased person. The remaining amount will also be received by the heirs of the deceased person.
The premium collection from the NHG members is done through Bima Mitra, who are Resource Persons working at the CDS level. Activities including adding new members to the scheme and renewing existing policies are also done through Bima Mitra.
The signing ceremony of the MoU at the Kudumbashree State Mission was attended by Naveen C, Programme Officer, Abdul Basheer K, State Programme Manager, Neetu L. Prakash, State Assistant Programme Manager, Helen Alex, Branch Manager, LIC Pension and Group Scheme Section and Sudheer P.A, Assistant Director, Kerala State Insurance Department.
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Kudumbashree to provide insurance coverage to 42 lakh NHG members through ‘Jeevan Deepam Oruma’ Insurance Scheme