Nagaland Universal Life Insurance Scheme: The Nagaland government on Tuesday launched a fully subsidized Universal Life Insurance Scheme to ease financial pressure due to premature death of the primary breadwinner of the family. Chief minister and finance minister Neiphiu Rio presented the budget to the Rajya Sabha with the overall plan on Tuesday. Read below to check the details of Nagaland Universal Life Insurance Scheme like points, objectives, features and benefits, eligibility, documents required, registration process, and more
Nagaland Universal Life Insurance Scheme 2024
The Nagaland government on Tuesday announced an all-cash universal life insurance policy to meet the financial burden of the untimely death of the primary breadwinner of a family. The project was part of the budget presented to the Rajya Sabha by Nagaland Chief Minister Neiphiu Rio. Death and disability coverage is in the risk category of insurance.
Nagaland CM Launches Health Insurance Scheme
In case of sudden death, the total assured is Rs 2 million per beneficiary; Permanent and irreversible loss of one eye or total and irreversible use of one limb is Rs 2 lakh; and for permanent and irreversible loss of eyesight, Rs.100,000.
Nagaland Universal Life Insurance Scheme Details in Highlights
| Name | Nagaland Universal Life Insurance Scheme |
| Initiated by | Government of Nagaland |
| Introduced by | Nagaland Chief Minister Neiphiu Rio |
| State | Nagaland |
| Beneficiaries | Residents of Nagaland |
| Official Website | – |
Nagaland Universal Life Insurance Scheme Objective
The primary goal of the CM’s life insurance scheme is to mitigate the impact of the early death of a family’s primary earner on the family’s socioeconomic progress, health, and educational opportunities. The program will cover three more family members’ accidental injuries in addition to life insurance for the family’s primary provider.
Features & Benefits of Nagaland Universal Life Insurance Scheme
Every house in Nagaland will be covered under this scheme and Rs 15 crore will be allocated. Under the plan, the state will provide emergency coverage for all three family members and life insurance for the highest earning member of the family.
The scheme will pay Rs 2 lakh in life insurance for the first beneficiary and another Rs 2 lakh in contingency insurance for each of the other three family members.
It will also cover every household in Nagaland and Rs 15 crore has been earmarked for the cost. On the second day of the current Rajya Sabha session, CM Rio, who also holds the post of finance minister, presented the budget. The total revenue is predicted to be Rs 23,978.05 crore and the total expenditure is Rs 23,727.88 crore.
In addition, the allocation to each district in the Local Area Development Fund (LADF) has been increased from Rs 1 crore to Rs 2 crore. An amount of Rs 180 crore has been sanctioned for Eastern areas of Nagaland under PM DevINE in view of the sensitivity of the issues to the residents.
Documents
- Aadhaar Number
- Address Proof
- Mobile Number
- Account number
- Email Id, etc
Eligibility
The applicant should be a resident of Nagaland. A family qualifies for the program when the primary family income dies prematurely. Covered by the death and disability insurance program.
Registration Process for Nagaland Universal Life Insurance Scheme
The Government of Nagaland has recently introduced the life insurance scheme. The government has not yet published the official website for this; however, the government will do so shortly. We will update this post as soon as there is a fresh update on this plan.
FaQ
Q.What is the Nagaland Universal Life Insurance Scheme Objective ?
Ans.The primary goal of the CM’s life insurance scheme is to mitigate the impact of the early death of a family’s primary earner on the family’s socioeconomic progress, health, and educational opportunities. The program will cover three more family members’ accidental injuries in addition to life insurance for the family’s primary provider.
Q.What is the Features & Benefits of Nagaland Universal Life Insurance Scheme ?
Ans.Every house in Nagaland will be covered under this scheme and Rs 15 crore will be allocated. Under the plan, the state will provide emergency coverage for all three family members and life insurance for the highest earning member of the family.
Q.What is the Eligibility of Nagaland Universal Life Insurance Scheme ?
Ans.The applicant should be a resident of Nagaland. A family qualifies for the program when the primary family income dies prematurely. Covered by the death and disability insurance program.
Nagaland Universal Life Insurance Scheme 2024: How to Apply, Eligibility, Benefits
brothers, if you are given by jagokisan.com with the information then plz like and share so that other farmer brothers can also be helped
