Insurance for Rural India: The central government is making new plans to benefit the people from village to city. Let us tell you that for this, 26 companies, including LIC, have organized a meetup. Its objective is to offer cheap insurance products to the people and ensure their safety. Apart from this, insurance companies have been told on Wednesday that a comprehensive insurance of life, health, and property for rural India can be introduced by December 2025.
In this initiative of insurance companies, provision will also be made for the safety of health and property, along with the benefits of life insurance. At the same time, Kamlesh Rao, Chairman of the Insurance Awareness Committee of Life Insurance Council, has informed that this insurance has been specially designed for rural India and all insurance companies will sell it at the same premium. Under this scheme, every person will also get an insurance cover of Rs 5 lakh. Its members are 26 insurance companies, including LIC.
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What is its objective?
The chairman informed that this insurance will be introduced to increase the reach of insurance in rural areas of the country. He said that the reach of insurance in rural India is limited. For this, the Insurance Expansion Scheme will be started. The objective of this initiative is to increase the reach of insurance in rural India. All insurance companies will sell this product at one price, and the people of the village will be able to take insurance with any company. In this, health, life, and property cover will be provided in a package of Rs 5 lakh.
The policy is different from the Ayushman Bharat Yojana
For information, let us tell you that the Ayushman Bharat Scheme is a government scheme, and under this, the government bears the expenses incurred in health. At the same time, the villagers will have to pay the expenses of insurance expansion. Its expenses will not be borne by the government. Apart from this, in Ayushman Bharat, only the treatment is borne by the government. Whereas under the Insurance Expansion Scheme, health, property, and life are covered.
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All coverage is available in one policy
At the same time, in the policy offered under the Insurance Expansion Scheme, three types of covers will be given on paying a single premium. This insurance will provide cover to the villagers in case of an accident. In case of death, they will also get the benefit of life insurance in the country. Apart from this, there will be expenses on treatment in case of insurance or injury in an accident. Along with this, in case of any natural disaster, riot, or fire, the loss of property or house will also be compensated in this insurance product.