Andhra CM Jagan disburses Rs 254 Crore under YSR Bima scheme

Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy disbursed Rs 254 crore to 12,039 eligible families under the YSR Bima scheme (insurance).

He transferred this amount on Wednesday to those eligible persons whose names could not be enrolled in the bank before their death.

The families of those breadwinners who used to work in the unorganized sector slip into financial turmoil following their untimely death.

“The CM during his padayatra (marathon walkathon) met many such citizens facing major issues due to lack of insurance coverage. After coming to power, the CM decided to launch the scheme on 21st October, 2020, bearing 100 per cent of the premium cost,” said an official.

In the first release of insurance premium, the government rolled out Rs 510 crore for 1.41 crore eligible families.

Meanwhile, the Government of India (GoI) withdrew the insurance coverage scheme in March 2020, prompting the state government to continue to fund the insurance scheme.

The Andhra government is bearing the entire cost of insurance premium which is free of cost for eligible beneficiaries.

In an earlier review meeting on the scheme, Reddy directed officials to provide a sum of Rs 10,000 as immediate relief to the deceased person’s family through the village secretariats.

Under YSR Bima, natural death of a breadwinner in the age bracket of 19-50 years will entitle his family to a compensation of Rs 2 lakh, and in case of accidental death or permanent total disability in the age bracket of 18-70 years a sum of Rs 5 lakh compensation will be given.

In the age bracket of 51-70 years, a compensation of Rs 3 lakh and permanent partial disability in the age bracket of 18-70 years, a compensation of Rs 1.5 lakh will be given.

The chief minister instructed officials to come up with practical solutions to issues being raised under the scheme such as bank accounts not being opened for all eligible beneficiaries and others.

He said that a toll free number, 155214, has also been set up.

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Arushi Sana is the Co Founder of NYK Daily. She was a Forensic Data Analyst previously employed with EY (Ernst & Young). She aims to develop a global community of knowledge and journalism par excellence through this News Platform. Arushi holds a degree in Computer Science Engineering. She is also a Mentor for women suffering from Mental Health, and helps them in becoming published authors. Helping and educating people always came naturally to Arushi. She is a writer, political researcher, a social worker and a singer with a flair for languages. Travel and nature are the biggest spiritual getaways for her. She believes Yoga and communication can make the world a better place, and is optimistic of a bright yet mysterious future!

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