A SOCIAL SECURITY SCHEME

THE NEED

• SPREADING THE BENEFIT OF INSURANCE FROM CLASSES TO MASSES.

• PROVIDE INSURANCE COVERAGE TO LARGE SEGMENTS OF POPULATION AT THE LOWEST PREMIUM.

• SIMPLE ADMINISTRATIVE

PROCEDURES.

GROUPS THAT CAN BE COVERED

•SOCIALLY & ECONOMICALLY BACKWARD CLASSES.

• UNORGANISED SECTOR.

• NON-CONVENTIONALGROUPS, eg.. MEMBERS OF CO-OP.SOCIETIES,viz. HANDLOOM WEAVERS, MILK PRODUCERS, ETC.

OBJECTIVETO PROVIDE LIFE INSURANCE

PROTECTION TO THE RURAL

AND URBAN POOR PERSONS

BELOW POVERTY LINE AND

MARGINALLY ABOVE POVERTY

LINE AT LOW COST

ELIGIBILITY

•PERSONS BELOW OR MARGINALLY ABOVE POVERTY LINE

• BETWEEN AGE 18 AND 59

•MINIMUM GROUP SIZE 25

•44 OCCUPATIONS IDENTIFIED SO FAR.

IDENTIFIED OCCUPATIONSBEEDI WORKERS•BRICK KILN WORKER•CARPENTERS•COBBLERS•FISHERMEN•HAMAALS•HANDICRAFT ARTISIANS•HANDLOOM WEAVERS• KHADI WEAVERS•LADY TAILORS•LEATHER AND TANNERY

WORKERS

• PAPAAD WORKERSATTACHED TO SEWA.

•PHYSICALLY HANDICAPPEDSELF EMPLOYED PERSONS

•PRIMARY MILK PRODUCERS•RICKSHAW PULLERS /

AUTO DRIVERS•SAFAI KARMACHARIS•SALT GROWERS•TENDU LEAF COLLECTORS•SCHEME FOR URBAN POOR•FOREST WORKERS

• SERICULTURE

•TODDY TAPPERS

•POWERLOOM WORKERS

•HILLY AREA WOMEN

•FOODSTUFF LIKE KHANDSARI

•TEXTILE

•MANUFACTURE OF WOOD PRODUCTS

•MANUFACTURE OF PAPER PRODUCTS

• MANUFACTURE OF PAPER PRODUCTS•MANUFACTURE OF LEATHER PRODUCTS•PRINTING•RUBBER AND COAL PRODUCTS•CHEMICAL PRODUCTS LIKE CANDLE MANUFACTURE•MINERAL PRODUCTS LIKE EARTHERN TOYS MANUFACTURE•AGRICULTURISTS•TRANSPORT DRIVER ASSO.

•TRANSPORT KARMACHARIS

•RURAL POOR

•CONSTRUCTION WORKERS

•FIRE CRACKERS WORKERS

•COCONUT PROCESSORS

•AANGANWADI WORKER/HELPERS

•KOTWAL

•PLANTATION WORKERS•WOMEN ASSOCIATED WITH SELF HELP GROUPS

BENEFITSNATURAL DEATH – Rs30000/=

ACCIDENT BENEFIT1. ON DEATH : Rs.75000 /- TO

THE NOMINEE2. TOTAL PERMANENT

DISABILITY : Rs.75000/- TO THE BENEFICIARY

3. PARTIAL PERMANENT DISABILITY : Rs.37500/- TO THE BENEFICIARY.

SCHOLARSHIPS UNDER SHIKSHA SAHYOG YOJANA.

PREMIUM

Rs. 200/- PER ANNUM OUT OF WHICH -------Rs.100/- BY MEMBER/

NODAL AGENCYRs.100/- FROM SOCIAL

SECURITY FUNDMAINTAINED BYL.I.C. OF INDIA

• ONLY YEARLY MODE.•NO ADDITIONAL PREMIUM FOR ACCIDENT BENEFIT.

N O D A L A G E N C Y•TO OBTAIN APPLICATION CUM NOMINATION FORM

•INCORPORATE THE DETAILS IN REGISTER OF MEMBERS AND COPY TO BE GIVEN TO Life Insurance Corporation of India

•50 % OF THE PREMIUM + PROPOSAL PAPERS + LIST OF MEMBERS.

•VERFICATION OF AGE.

CLAIMS

•TO BE REPORTED WITHIN 6 MONTHS

•IF REPORTED WITHIN 6 MONTHS TO 1 YEAR --- ENQUIRY .

•NO CLAIM TO BE ENTERTAINED AFTER 1 YEAR OF THE DEATH.

DOCUMENTS TO BE ENCLOSED FOR CLAIM

•DEATH CERTIFICATE

•FOR ACCIDENTAL CLAIMS

1) POST MORTEM REPORT2)COPY OF F.I.R.3) POLICE INQUEST REPORT

•IN CASE OF DISABILTIY –CERTIFICATE OF DOCTOR CERTIFYING PERMANENT DISABILITY.

SETTLEMENT OF CLAIMS

LIC SETTLES THE CLAIMS

BY SENDING ACCOUNT

PAYEE CHEQUE FVG. THE

BANKER OF THE

BENEFICIARY /NOMINEE

SHIKSHA SAHAYOG YOJANA

ELIGIBILITY• STUDENTS STUDYING IN 9TH TO 12TH STANDARDS (INCLUDING ITI COURSES).

• PARENTS LIVING BELOW POVERTY LINE

•PARENTS COVERED UNDER JANASHREE BIMA YOJANA.

•IF STUDENT FAILS AND IS DETAINED IN THE SAME STANDARD, HE WILL NOT BE ELIGIBLE FOR SCHOLARSHIP FOR THE NEXT YEAR IN THE SAME STANDARD.

BENEFITS•SCHOLARSHIP OF RS. 300/- PER QUARTER PER CHILD WILL BE PAID FOR A MAXIMUM PERIOD OF FOUR YEARS.

•FOR STUDENT TO BECOME ELIGIBLE FOR SCHOLARSHIP THE PARENT SHOULD HAVE BEEN COVERED UNDER JBY.

•BENEFITS RESTRICTED TO TWO CHILDREN PER FAMILY.

IDENTIFICATION OF BENEFICIARIES

•NODAL AGENCY SHOULD IDENTIFY THE STUDENTS.

•THE NODAL AGENCY SHOULD GUIDE THE MEMBERS TO FILL UP THE APPLICATION FORMS FOR THIS PURPOSE.

•THE LIST OF BENEFICIARY STUDENTS ALONG WITH THE DETAILS SHOULD THEN BE FORWARDED TO THE CONCERNED P&GS UNIT.

ADMINISTRATION

•SCHEME WILL BE ADMINISTERED BY L.I.C.

•SCHOLARSHIP WILL BE DISBURSED TO THE BENEFICIARY THROUGH THE NODAL AGENCY.

•NODAL AGENCY HAS TO FURNISH L.I.C WITH THE NECESSARY DATA OF THE ELIGIBLE STUDENTS.

ADMINISTRATION(contd)

• NODAL AGENCIES ARE REQUIRED TO MAINTAIN RECORDS AND SUBMIT CERTIFICATES / DETAILS OF UTILIZATION OF SCHOLARSHIPS QUARTERLY TO LIC.

Social Security is the need of the hour for Developing Countries

THANK YOU