[AI] Govt plans insurance scheme for disabled

akhilesh akhil.akhil29 at gmail.com
Mon Sep 17 21:20:42 EDT 2007

Dear list members, I am seeing that the matter of insurance has
discussed so many times. I would like to inform you all, that I have
been insurance adviser in   an insurance company.  this  company is
one of the 500  fortune companies. but right now I am not working with
it due to some reasons, I will be starting it with the month of the
lastly, I would like to inform you that, they were begging me to have
a policy of insurance. this company is Max new yourk life.
For more details you can write to me at:
akhil.akhil29 at gmail.com
with regards, akhilesh

On 9/17/07, sweety bhalla <sweety.bhalla at ifciltd.com> wrote:
> Govt plans insurance scheme for disabled
> While the social security Bill for the unorganised sector may take a long
> time in becoming a reality, the disabled in the country may get their own
> insurance
> scheme funded by a unique corpus soon.
> The disabled who have been denied insurance cover by companies all these
> years stand to get insurance as a right once the scheme is in place this
> year.
> The source of the funding of the insurance scheme is also unique.
> It is to be funded through a Rs 2400 crore (Rs 24 billion) corpus that has
> accrued to the Ministry for Social Justice and Empowerment from public
> sector
> banks.
> These banks, which had made a profit while rounding off their accounts, had
> been asked by the Supreme Court to spend the money for public good
> specifically
> for the disabled after a PIL three years ago.
> The ministry, which has started receiving the money, plans to implement the
> insurance scheme in this financial year using the funds.
> Interest from this corpus would be used for various disability welfare
> schemes and the insurance scheme will benefit from this fund, officials
> said.
> The National Trust for the Welfare of Persons with Autism, Cerebral Palsy,
> Mental retardation and Multiple disabilities and the Chief Commissioner for
> Persons
> with Disabilities are working out the social security cum insurance cover
> with various insurance companies.
> A three-member team of experts, including Pradeep Ghosh of the NGO Oasis
> Bhopal, Dr T V Ramesh of Insurance brokering firm Alegion in Chennai, and
> Shyamala,
> director of Adi (formely Spastic Society of Northern India, has been working
> on the insurance scheme with the actuaries of insurance companies for the
> last four months.
> Pradeep Ghosh, one of the experts working out details of the insurance
> scheme with actuaries, said it was likely to be implemented on a pilot basis
> in one
> or two districts to begin with and would be spread out to the rest of the
> country in phases. Ghosh added that it was a big achievement for the
> disabled
> as they had been denied insurance cover by all companies so far.
> Ghosh himself an Ashoka social entrepreneur who was formerly with the IT
> sector said the insurance companies came forward for a Governemnt-supported
> insurance
> scheme after disability activists and lawyer Colin Gonsalvez threatened last
> year to move the court on the denial of insurance cover to disabled.
> Poonam Natarajan Chairperson of the National Trust said that the scheme was
> being processed and she would not be in a position to give details now.
> However sources said that the insurance cover would later incorporate
> products like endowment policies which would provide pensions to the
> disabled.
> The two national agencies on disability would be sending a proposal of
> demands to the insurance companies and the scheme is likely to be
> implemented in
> this financial year, sources said.
> (Sweety Bhalla)
> Assistant Manager
> Mobile No. 09868300466, 09818132488
> E-Mail sweety.bhalla at ifciltd.com
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