The ambitious 'Aam Aadami' insurance scheme for landless farm labourers below the poverty line has proved to be a non starter for beneficiaries in the district. The Central and state governments have paid Rs 50 lakh as annual premium to Life Insurance Corporation of India to insure 25,000 beneficiaries in the district. However, neither has any deceased got the claim nor has any student received the scholarship guaranteed in the scheme.


The Aam Aadami insurance was launched by the state and central governments in October 2007 to provide social security to landless farm labourers living below the poverty line. Both governments contributed 50% of the premium. As per the scheme, the insured beneficiary is liable to get death claim of Rs 30,000 before maturity of the insurance policy. If he looses both eyes or both legs in an accident he will get Rs 75,000, if he looses one eye or one leg in the accident he will be given Rs 35,750 and if he dies in the accident then the family get Rs 75,000 as compensation.

Read full story here: http://timesofindia.indiatimes.com/city/nagpur/Aam-Aadami-insurance-scheme-comes-a-cropper/articleshow/5227865.cms

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