[AI] Govt plans insurance scheme for disabled

Rajesh Asudani rajeshasudani at rbi.org.in
Tue Sep 18 00:20:56 EDT 2007


Okay, begging you to have insurance policy!

But, what about blind/disabled in general?

Any policies in force?

Any denials?

Any extra premia/risk charges etc?

Rajesh
----- Original Message ----- 
From: "akhilesh" <akhil.akhil29 at gmail.com>
To: <accessindia at accessindia.org.in>
Sent: Tuesday, September 18, 2007 6:50 AM
Subject: Re: [AI] Govt plans insurance scheme for disabled


> 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
> Feb.
> 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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