Members of the unorganised sector welfare boards and women’s self-help group members need to be brought under the ambit of the Life Insurance Corporation’s group insurance schemes, Collector N. Subbaiyan said here on Thursday.
Insurance schemes such as the Aam Aadmi Bima Yojana could be the panacea for social security shortcomings of unorganised sector workers and marginalised sections of the society.
It is imperative that such insurance schemes were taken to the vast unorganised sector masses, he said while addressing the valedictory of the Social Security Month celebrations of the LIC focussing on the Aam Aadmi Bima Yojana.
Dr. Subbaiyan noted that there were 21 boards for the welfare of specific category of unorganised sector workers and there could be anywhere between seven and 1.5 lakh such workers in Thanjavur district.
B. Sathyavathi, Senior Divisional Manager, LIC Thanjavur Division, said under the AABY, the beneficiary insurer needed to pay as yearly premium only Rs. 100 while the Centre remits an equal amount for him through the Social Security Fund.
In the event of death of the member the sum assured of Rs. 30,000 would be paid to the nominee while for death due to accident Rs. 75,000 would be paid to the nominee and permanent disability because of accident would fetch the member the same amount.
In the LIC's Thanjavur Division, it had been planned to enrol one lakh members under the scheme during the current fiscal and so far 17,280 people had been roped in.
Last year, 81,790 members were enrolled under the scheme, she said.
T. Rajasekar, Senior Branch Manager, LIC Pension and Group Schemes, and Marketing Manager V. Renganathan spoke.
