ABOUT 7,745 POLICIES SOLD UNDER THE JEEVAN AADHAR PLAN FOR MAINTENANCE OF DISABLED DEPENDENTS

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RAJYA SABHA

About 7,745 policies have been sold under the Jeevan Aadhar Plan specially designed to make provision for the maintenance of disabled dependents. The Minister for Social Justice and Empowerment Dr. Satyanarayan Jatiya stated this in a written reply in the Rajya Sabha today. He said that more that 51.60 lakh rupees have been claimed against 52 death claims. The Plan administered by Life Insurance Corporation of India was launched in January 1996. Under it an individual can take assurance on his/her life to provide for payment of lump sum and an annuity to the disabled dependent including mentally retarded persons of I.Q. less than 50. The payment benefit is made to the nominee who may either be disabled dependent or any other person or Trust. The claim amount is to be utilized for the benefit the disabled dependent.