LIC organises 'Social Security Month'

Vijayawada, Oct 18 (UNI) The Life Insurance Corporation (LIC) of India today organised the current month as 'Social Security month'.

Talking to newspersons here, LIC Senior Divisional Manager (Machilipatnam) Division M Veerabhadra Rao said a special drive was launched by the Corporation to spread the message throughout the country by holding seminars, functions, and meetings of NGOS at workplaces.

Mr Rao said LIC through its Group Insurance Scheme 'Janashree Bima Yojana (JBY) provides Insurance cover to all the weaker sections of the society such as fishermen, beedi workers, plantation workers, agriculturists, urban and rural poor and auto rickshaw workers.

The benefits under JBY was enhanced from August 15 and Rs 30,000 would be paid for natural death, Rs 75,000 for death/permanent disability due to accident, Rs 37,500 for partial permanent disability due to accident.

He said in addition, there is a free add-on scholarship benefit under Shiksha Sahayog Yojana for the children of the members of JBY.

Mr Rao said the LIC had already covered over 1.73 crore persons under its social security schemes across the country.

Commenting on the performance of the security schemes, he said as against the target of Rs 20 lakh in 2006-2007, the company made up about Rs 35 lakh till Sep 30 by achieving 178 per cent of the budget.

UNI CS KVV 1510