Telangana govt announces unique life insurance scheme for farmers

Telangana government has announced a unique life insurance scheme for farmers. Under the scheme, the government will provide life insurance facility of five lakh rupees to the nominee, after the death of the insured farmer.

The entire premium will be paid by the government to the insurance agency and the nominee will get the amount within ten days of the claim after the death of the farmer. He said, the dependent family will get the benefit irrespective of the reason for the



death of the farmer.

Making the announcement in Hyderabad yesterday, Chief Minister Chandra Sekhara Rao said, Life Insurance Corporation India will implement the scheme. He said, farmers in the age group of 18 to 60 are eligible to enrol their names to get benefit from it. 

Mr Rao said, the scheme is first of its kind in the country. The scheme will come into force from 15th of August this year.