66,000 LIC bonds ready for distribution

Vikarabad: As part of free insurance scheme for farmers 66,000 LIC bonds have already reached here. The free insurance scheme will be launched from August 15. The officials will distribute the bonds undertaking door-to-door visits to farmers’ houses. 

It may be recalled that the K Chandrashekar Rao government has decided to provide free life insurance cover for Rs 5 lakh to farmers with effect from August 15. The insurance scheme is available for farmers who have pattadar passbooks, which is the proof of the landownership.  Over 92,000 have given their nomination documents. The agriculture extension officials undertook a door-to-door visit during the past one month and have obtained nomination forms from the beneficiaries. 

No government did provide so far free insurance cover to the agricultural farmers. Lack of awareness and no governmental support the farmers are not having insurance cover because of their. In case of death of a farmer, the family is driven on to the streets. For the first time in the records of the State, the State government embarked on providing free Rs 5 lakh cover through the Rytu Bandhu group insurance scheme. 

The rules specify that the farmers aged between 18 and 59, owning land as specified in the pattadar passbook issued by the State government recently, Aadhaar card are eligible to derive benefic under the scheme. Over 44,000 farmers who crossed the age of 59 were declared ineligible to derive benefit under the scheme. Some others who migrated to other places were found ineligible. In other cases, people were not residing in the village. 

Of the 2.24 lakh farmers, so far 1.60 lakh submitted their nomination papers. Of them, 92 were cleared and 66,000 LIC bonds have reached here. Even if the land is sold by the farmer, he or she is eligible to derive the benefit any day in a year, since the insurance is applicable to the whole year. If the patta land is in the name of women, they are eligible to seek insurance benefits. As part of the pact reached with the LIC, the State government pays the premium on behalf of the beneficiary.