Tuesday, July 24, 2007

LIC provides Janashree Bima Yojana for people below poverty line.

Life Insurance Corporation of India, the country's largest life insurance company, has received a cheque of Rs 22,23,18,500 crore from Rajasthan government for covering 22,23,815 people. These are the below poverty line (BPL) families in Rajasthan.This coverage is being given by the Janashree Bima Yojana (JBY).
LIC's JBY provides insurance cover for death due to natural and accidental cause. It also provides cover for accident resulting into total or permanent disability. Besides, the scheme also provides scholarship of Rs 1,200 per annum without any extra cost for maximum two children

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