Akshaya to vend Aam Aadmi Bima scheme

Our Bureau Updated - March 12, 2018 at 12:22 PM.

Akshaya e-centres will act as a medium to reach the Government's Aam Aadmi Bima scheme, according to Mr Korath V. Mathew, Director.

Akshaya is a Kerala Government initiative for rural empowerment and economic development.

Aam Aadmi Bima is a low-cost insurance scheme that is targeted at people with marginal holdings of five cent or even less.

It will extend ex-gratia allowance of Rs 30,000 in case of death from natural causes of the policy holder; Rs 75,000 in case of accidental or permanent disability from accidents; and Rs 37,500 for partial disability.

Students in 9th to 12 standards, including those studying in ITI, are entitled to get a monthly scholarship of Rs 100. Two children each from a family can avail themselves of the scholarship.

Free application forms are available at Akshaya centres. Filled in forms, certified by the village officer, the panchayat secretary or the village extension officer, may be submitted at the Akshaya centres.

>vinson@thehindu.co.in

Published on April 1, 2012 06:59