LIC exempts premium to state-run BPL Insurance Scheme

Dehra Dun, Oct 8 (UNI) Life Insurance Corporation (LIC) has exempted premium to the tune of Rs 6.19 crore to Uttarakhand government-run BPL Mukhiya Janshri Insurance Scheme.

LIC Senior Branch Manager K K Jha told reporters here today that the exemption was given to the government taking into consideration the three-years experience of the Scheme. He said the Scheme launched by the state government in 2004 was being run by LIC and so far it has paid Rs 10.83 crore against 4,959 deaths. The state government used to pay Rs 3.76 crore per year as premium against 3,76,502 head of BPL families. He said that taking into consideration the new BPL survey report, the Corporation has also decided to increase the number of insured to 6,23,790 from existing 3,76,502 under this Scheme.

Mr Jha said that all head of the families without any land has been coverd under free insurance security under ''Aam Admi Bima Yojna'' which was inaugurated by Union Finance Minister P Chidambaram on the day of Gandhi Jayanti earlier. The Scheme is implemented through out the country, he said.

UNI