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This scheme was implemented from 1-12-1991 to 31-3-2002 under Life Insurance Corporation Group Insurance scheme. It covered workers registered in this board under scheme - 1981.
The premium per workers was Rs.50/- per annum. Which was borne 50% (means 25 Rs.) by this board from the Grant in aid given by the Govt. of Gujarat.
In case on natural death of the registered worker the family member / nominee got Rs.5000/- while in case of accidental death the amount was Rs.25000/-
This scheme provided social security to the unprotected workers. It is very popular amongst them.
|
Sr. No. |
Year |
No. of workers (policy holder) |
Amount of premium |
No. of death |
Amt. Of compensa-tion |
|
1 |
1/12/91 to 30/11/92 |
300 |
4,500/- |
3 |
9,000/- |
|
2 |
1/12/92 to 30/11/93 |
500 |
9,375/- |
6 |
24,000/- |
|
3 |
1/12/93 to 30/11/94 |
734 |
18,350/- |
7 |
40,000/- |
|
4 |
1/12/94 to 30/11/95 |
785 |
19,625/- |
10 |
55,000/- |
|
5 |
1/12/95 to 30/11/96 |
892 |
22,300/- |
10 |
59,000/- |
|
6 |
1/12/96 to 30/11/97 |
959 |
23,975/- |
2 |
30,000/- |
|
7 |
1/12/97 to 30/11/98 |
1004 |
25,100/- |
1 |
25,000/- |
|
8 |
1/12/98 to 31/03/2000 |
1452 |
42,506/- |
9 |
65,000/- |
|
9 |
1/04/2000 to 31/03/2001 |
1606 |
40,150/- |
12 |
100,000/- |
|
10 |
1/04/2001 to 31/03/2002 |
1638 |
40,950/- |
11 |
55,000/- |
|
Death Relief Scheme:- This scheme as implemented since 1-4-2002. Under this scheme the family member / nominee gets Rs. 3000/- as relief. From 12-4-2005 the amount has been increased to Rs. 5000/-.
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| SR | YEAR | AMOUNT | BENEFICIARY | ||
| 1 | 2002-03 | 18,000 | 6 | ||
| 2 | 2003-04 | 15,000 | 5 | ||
| 3 | 2004-05 | 15,000 | 5 | ||
| 4 | 2005-06 | 15,000 | 3 | ||
| 5 | 2006-07 | 45,000 | 9 | ||
| 6 | 2007-08 | 70,000 | 14 | ||
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